Looking to diversify beyond VESMX? The mutual funds below have historically moved differently from VESMX, 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 VESMX
1 mutual funds have low correlation with VESMX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Clover Small Value Fund (VSFAX) (Small Cap Value Equities) with a 1Y correlation of 0.27, down from 0.75 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Clover Small Value Fund | 0.27 | 0.56 | 0.75 | 71 | Small Cap Value Equities | VESMX vs VSFAX | |
| Aegis Value Fund Class I | 0.38 | 0.50 | 0.57 | 94 | Small Cap Value Equities | VESMX vs AVALX | |
| John Hancock Variable Insurance Trust Small Cap Va... | 0.58 | 0.74 | 0.83 | 75 | Small Cap Value Equities | VESMX vs JESVX | |
| Invesco Small Cap Value Fund | 0.58 | 0.78 | 0.86 | 76 | Small Cap Value Equities | VESMX vs VSCAX | |
| Bridgeway Ultra Small Company Market Fund | 0.62 | 0.74 | 0.76 | 75 | Small Cap Value Equities | VESMX vs BRSIX |
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