Looking to diversify beyond WOBDX? The mutual funds below have historically moved differently from WOBDX, 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 WOBDX
3 mutual funds have low correlation with WOBDX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Emerging Markets Equity Fund Class I (JEMSX) (Emerging Markets Equities) with a 1Y correlation of 0.20, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Emerging Markets Equity Fund Class I | 0.20 | 0.12 | 0.09 | 76 | Emerging Markets Equities | WOBDX vs JEMSX | |
| JPMorgan Equity Income Fund R6 | 0.26 | 0.19 | 0.12 | 89 | Large Cap Value Equities, Dividend | WOBDX vs OIEJX | |
| JPMorgan Equity Income Fund | 0.26 | 0.19 | 0.12 | 88 | Dividend, Large Cap Value Equities | WOBDX vs HLIEX | |
| JPMorgan Equity Index Fund Class I | 0.30 | 0.19 | 0.14 | 57 | Large Cap Blend Equities | WOBDX vs HLEIX | |
| Vanguard 500 Index Fund Admiral Shares | 0.31 | 0.19 | 0.14 | 63 | S&P 500, Large Cap Blend Equities | WOBDX vs VFIAX |
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