Looking to diversify beyond WMRIX? The mutual funds below have historically moved differently from WMRIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for WMRIX
20 mutual funds have low correlation with WMRIX (below 0.3), 1 of which are negatively correlated. The least correlated is Wilmington Municipal Bond Fund (WTAIX) (Municipal Bonds) with a 1Y correlation of -0.00, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Wilmington Municipal Bond Fund | -0.00 | 0.14 | 0.16 | 56 | Municipal Bonds | WMRIX vs WTAIX | |
| Wilmington Large-Cap Strategy Fund | 0.20 | 0.40 | 0.49 | 52 | Large Cap Blend Equities | WMRIX vs WMLIX | |
| Nuveen Multi-Asset Income Fund | 0.20 | 0.36 | — | 67 | Global Allocation | WMRIX vs NMAI | |
| Northern Global Tactical Asset Allocation Fund | 0.21 | 0.49 | 0.59 | 69 | Global Allocation | WMRIX vs BBALX | |
| VALIC Company I Global Strategy Fund | 0.22 | 0.47 | 0.55 | 86 | Global Allocation | WMRIX vs VGLSX |
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