Looking to diversify beyond WRPIX? The mutual funds below have historically moved differently from WRPIX, 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 WRPIX
38 mutual funds have low correlation with WRPIX (below 0.3), 5 of which are negatively correlated. The least correlated is Allspring Short-Term Bond Plus Fund (SSHIX) (Short-Term Bond) with a 1Y correlation of -0.13, roughly unchanged from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Short-Term Bond Plus Fund | -0.13 | -0.13 | -0.15 | 84 | Short-Term Bond | WRPIX vs SSHIX | |
| GuideStone Funds Strategic Alternatives Fund | -0.11 | 0.07 | 0.14 | 93 | Multistrategy | WRPIX vs GFSYX | |
| Allspring Ultra Short-Term Income Fund | -0.09 | -0.11 | -0.11 | 99 | Ultrashort Bond | WRPIX vs SADIX | |
| FS Credit Income Fund Class I | -0.05 | -0.06 | -0.11 | 98 | Multistrategy | WRPIX vs FCRIX | |
| Morningstar Alternatives Fund | -0.03 | -0.04 | -0.08 | 87 | Multistrategy | WRPIX vs MSTVX |
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