Looking to diversify beyond WSTCX? The mutual funds below have the lowest correlation with WSTCX — 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 WSTCX.
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 0.43, down from 0.57 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Venture Fund | 0.43 | 0.57 | — | 98 | Technology Equities | WSTCX vs ARKVX | |
| Delaware Ivy Energy Fund | 0.44 | 0.45 | 0.46 | 96 | Energy Equities | WSTCX vs IEYYX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.49 | 0.56 | 0.69 | 82 | Technology Equities | WSTCX vs GTTIX | |
| Columbia Seligman Premium Technology Growth Closed... | 0.78 | 0.79 | 0.82 | 98 | Technology Equities | WSTCX vs STK | |
| ICON Health and Information Technology Fund | 0.83 | 0.80 | 0.82 | 85 | Technology Equities | WSTCX vs ICTEX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WSTCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WSTCX and solid risk/return profiles. The least correlated is Hycroft Mining Holding Corporation (HYMC) (Basic Materials) with a 1Y correlation of 0.19, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hycroft Mining Holding Corporation | 0.19 | 0.17 | 0.23 | 98 | Basic Materials | |
| Silvercorp Metals Inc. | 0.32 | 0.26 | 0.28 | 92 | Basic Materials | |
| Hecla Mining Company | 0.35 | 0.32 | 0.32 | 90 | Basic Materials | |
| Planet Labs PBC | 0.40 | 0.45 | 0.48 | 99 | Industrials |
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