Looking to diversify beyond VGWAX? The mutual funds below have historically moved differently from VGWAX, 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 VGWAX
4 mutual funds have low correlation with VGWAX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.03, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.03 | 0.15 | 0.24 | 83 | Diversified Portfolio | VGWAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.03 | 0.09 | 0.42 | 66 | Diversified Portfolio | VGWAX vs MHELX | |
| PIMCO Commodity Real Return Strategy Fund | 0.02 | 0.14 | 0.23 | 69 | Commodities | VGWAX vs PCRIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.28 | 0.26 | 0.29 | 79 | Bank Loan | VGWAX vs RPIFX | |
| PIMCO Low Duration Fund | 0.32 | 0.27 | 0.25 | 71 | Short-Term Bond | VGWAX vs PTLDX |
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