Looking to diversify beyond VGYAX? The mutual funds below have historically moved differently from VGYAX, 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 VGYAX
3 mutual funds have low correlation with VGYAX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.01, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.01 | 0.09 | 0.34 | 66 | Diversified Portfolio | VGYAX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.06 | 0.21 | 0.29 | 83 | Diversified Portfolio | VGYAX vs SIFAX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.09 | 0.05 | 0.05 | 97 | Equity Market Neutral | VGYAX vs BDMAX | |
| Standpoint Multi-Asset Fund Institutional | 0.36 | 0.39 | 0.36 | 84 | Diversified Portfolio | VGYAX vs BLNDX | |
| Allspring Diversified Capital Builder Fund | 0.42 | 0.46 | 0.56 | 87 | Diversified Portfolio | VGYAX vs EKBAX |
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