Looking to diversify beyond WRPIX? The mutual funds below have the lowest correlation with WRPIX — 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 WRPIX.
Best Diversifiers for WRPIX
28 mutual funds have low correlation with WRPIX (below 0.3), 2 of which are negatively correlated. The least correlated is FS Credit Income Fund Class I (FCRIX) (Multistrategy) with a 1Y correlation of -0.05, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FS Credit Income Fund Class I | -0.05 | -0.06 | -0.11 | 97 | Multistrategy | WRPIX vs FCRIX | |
| GuideStone Funds Strategic Alternatives Fund | -0.04 | 0.07 | 0.15 | 50 | Multistrategy | WRPIX vs GFSYX | |
| Stone Ridge Diversified Alternatives Fund | 0.04 | 0.05 | 0.11 | 83 | Multistrategy | WRPIX vs SRDAX | |
| Morningstar Alternatives Fund | 0.06 | -0.03 | -0.06 | 75 | Multistrategy | WRPIX vs MSTVX | |
| AQR Style Premia Alternative R6 | 0.07 | 0.19 | 0.27 | 52 | Multistrategy | WRPIX vs QSPRX |
See all 39 diversifiers for WRPIX
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