Looking to diversify beyond WOOPX? The mutual funds below have historically moved differently from WOOPX, 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 WOOPX
0 mutual funds have low correlation with WOOPX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund Class I (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.33, roughly unchanged from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund Class I | 0.33 | 0.25 | 0.30 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | WOOPX vs JMSIX | |
| Tarkio Fund | 0.67 | 0.78 | 0.84 | 65 | Mid Cap Blend Equities | WOOPX vs TARKX | |
| Gotham Enhanced Return Fund | 0.68 | 0.72 | 0.79 | 88 | Mid Cap Blend Equities | WOOPX vs GENIX | |
| 13D Activist Fund | 0.70 | 0.80 | 0.85 | 78 | Mid Cap Blend Equities | WOOPX vs DDDIX | |
| Paradigm Select Fund | 0.71 | 0.78 | 0.84 | 90 | Mid Cap Blend Equities | WOOPX vs PFSLX |
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