Looking to diversify beyond WSBFX? The mutual funds below have historically moved differently from WSBFX, 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 WSBFX
8 mutual funds have low correlation with WSBFX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.22, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.22 | -0.03 | 0.11 | 77 | Diversified Portfolio | WSBFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.12 | 0.46 | 66 | Diversified Portfolio | WSBFX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.24 | 0.45 | 0.54 | 87 | Diversified Portfolio | WSBFX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.25 | 0.45 | 0.54 | 90 | Diversified Portfolio | WSBFX vs FIQDX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.25 | 0.45 | 0.54 | 91 | Diversified Portfolio | WSBFX vs FSRKX |
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