Looking to diversify beyond WSHFX? The mutual funds below have the lowest correlation with WSHFX — 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 WSHFX.
Best Diversifiers for WSHFX
0 mutual funds have low correlation with WSHFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT All Cap Core Fund Class R6 (QKACX) (Large Cap Blend Equities) with a 1Y correlation of 0.31, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.31 | 0.57 | 0.75 | 51 | Large Cap Blend Equities | WSHFX vs QKACX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.15 | 0.12 | 95 | Large Cap Blend Equities | WSHFX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund | 0.31 | 0.57 | 0.75 | 51 | Large Cap Blend Equities | WSHFX vs QIACX | |
| North Square Preferred and Income Securities Fund | 0.48 | 0.35 | 0.42 | 69 | Large Cap Blend Equities | WSHFX vs ORDNX | |
| Intrepid Income Fund | 0.49 | 0.43 | 0.41 | 97 | Multisector Bonds | WSHFX vs ICMUX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WSHFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WSHFX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.02 | 0.15 | 0.33 | 82 | Consumer Defensive | |
| PepsiCo, Inc. | 0.04 | 0.20 | 0.31 | 50 | Consumer Defensive |
Build a portfolio that complements WSHFX
Add WSHFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WSHFX