Looking to diversify beyond WPSGX? The mutual funds below have historically moved differently from WPSGX, 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 WPSGX
1 mutual funds have low correlation with WPSGX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Income Shares (MISHX) (High Yield Muni) with a 1Y correlation of 0.25, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Income Shares | 0.25 | 0.20 | 0.17 | 81 | High Yield Muni | WPSGX vs MISHX | |
| AB High Income Fund | 0.49 | 0.46 | 0.47 | 68 | High Yield Bonds | WPSGX vs AGDAX | |
| American Growth Fund Series One | 0.56 | 0.73 | 0.80 | 56 | Large Cap Growth Equities | WPSGX vs AMRGX | |
| Adams Diversified Equity Fund, Inc. | 0.59 | 0.72 | 0.82 | 83 | Large Cap Blend Equities | WPSGX vs ADX | |
| PRIMECAP Odyssey Growth Fund | 0.60 | 0.74 | 0.82 | 89 | Large Cap Blend Equities | WPSGX vs POGRX |
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