Looking to diversify beyond WSTCX? The mutual funds below have historically moved differently from WSTCX, 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 WSTCX
0 mutual funds have low correlation with WSTCX (below 0.3), 0 of which are negatively correlated. The least correlated is ARK Venture Fund (ARKVX) (Technology Equities) with a 1Y correlation of 0.44, down from 0.56 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Venture Fund | 0.44 | 0.56 | — | 99 | Technology Equities | WSTCX vs ARKVX | |
| Delaware Ivy Energy Fund | 0.48 | 0.45 | 0.46 | 91 | Energy Equities | WSTCX vs IEYYX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.50 | 0.56 | 0.68 | 58 | Technology Equities | WSTCX vs GTTIX | |
| Columbia Seligman Premium Technology Growth Fund | 0.84 | 0.81 | 0.83 | 88 | Technology Equities, Options Trading, Actively Managed | WSTCX vs STK | |
| ICON Health and Information Technology Fund | 0.86 | 0.81 | 0.83 | 85 | Technology Equities | WSTCX vs ICTEX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WSTCX, 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 Hycroft Mining Holding Corporation (HYMC) (Basic Materials) with a 1Y correlation of 0.31, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hycroft Mining Holding Corporation | 0.31 | 0.21 | 0.24 | 97 | Basic Materials | |
| Silvercorp Metals Inc. | 0.40 | 0.27 | 0.28 | 83 | Basic Materials | |
| Planet Labs PBC | 0.40 | 0.45 | — | 92 | Industrials | |
| Hecla Mining Company | 0.43 | 0.34 | 0.33 | 85 | Basic Materials |
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