Looking to diversify beyond WSTAX? The mutual funds below have the lowest correlation with WSTAX — 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 WSTAX.
Best Diversifiers for WSTAX
0 mutual funds have low correlation with WSTAX (below 0.3), 0 of which are negatively correlated. The least correlated is ARK Venture Fund (ARKVX) (Technology Equities) with a 1Y correlation of 0.41, down from 0.56 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Venture Fund | 0.41 | 0.56 | — | 99 | Technology Equities | WSTAX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.49 | 0.56 | 0.68 | 72 | Technology Equities | WSTAX vs GTTIX | |
| Nomura Growth and Income Fund Institutional Class | 0.57 | 0.57 | 0.61 | 96 | Large Cap Value Equities | WSTAX vs FGIPX | |
| Nomura Emerging Markets Fund Class C | 0.58 | 0.60 | 0.61 | 98 | Emerging Markets Equities | WSTAX vs DEMCX | |
| Nomura Emerging Markets Fund Class A | 0.58 | 0.60 | 0.61 | 98 | Emerging Markets Equities | WSTAX vs DEMAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WSTAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WSTAX and solid risk/return profiles. The least correlated is Rocket Lab USA, Inc. (RKLB) (Industrials) with a 1Y correlation of 0.42, roughly unchanged from 0.47 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rocket Lab USA, Inc. | 0.42 | 0.47 | — | 90 | Industrials |
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