Looking to diversify beyond WSTAX? The mutual funds below have historically moved differently from WSTAX, 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 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 0.45, down from 0.57 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Venture Fund | 0.45 | 0.57 | — | 99 | Technology Equities | WSTAX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.50 | 0.55 | 0.68 | 58 | Technology Equities | WSTAX vs GTTIX | |
| Nomura Growth and Income Fund Institutional Class | 0.54 | 0.55 | 0.60 | 98 | Large Cap Value Equities | WSTAX vs FGIPX | |
| The Taiwan Fund Inc. | 0.58 | 0.53 | 0.54 | 95 | Taiwan Equities, Asia Pacific Equities | WSTAX vs TWN | |
| Nomura Emerging Markets Fund Class A | 0.63 | 0.61 | 0.62 | 91 | Emerging Markets Equities | WSTAX vs DEMAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WSTAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Rocket Lab USA, Inc. (RKLB) (Industrials) with a 1Y correlation of 0.43, roughly unchanged from 0.46 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rocket Lab USA, Inc. | 0.43 | 0.46 | — | 62 | Industrials |
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