Looking to diversify beyond WOOPX? The mutual funds below have the lowest correlation with WOOPX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from WOOPX.
Best Diversifiers for WOOPX
1 mutual funds have low correlation with WOOPX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.29, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.29 | 0.26 | 0.30 | 81 | Multisector Bonds | WOOPX vs JMSIX | |
| Tarkio Fund | 0.67 | 0.78 | 0.84 | 68 | Mid Cap Blend Equities | WOOPX vs TARKX | |
| Gotham Enhanced Return Fund | 0.67 | 0.73 | 0.80 | 74 | Mid Cap Blend Equities | WOOPX vs GENIX | |
| Quantified Common Ground Fund | 0.69 | 0.78 | 0.79 | 53 | Mid Cap Blend Equities | WOOPX vs QCGDX | |
| Hodges Fund | 0.72 | 0.77 | 0.82 | 78 | Mid Cap Blend Equities | WOOPX vs HDPMX |
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