Looking to diversify beyond VIDAX? The mutual funds below have historically moved differently from VIDAX, 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 VIDAX
16 mutual funds have low correlation with VIDAX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.15 | 0.21 | 91 | Municipal Bonds | VIDAX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.20 | 0.23 | 94 | Municipal Bonds | VIDAX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.10 | 0.06 | 0.07 | 80 | Semiconductors, Technology Equities | VIDAX vs FSELX | |
| Delaware Emerging Markets Fund | 0.17 | 0.12 | 0.12 | 91 | Emerging Markets Equities | VIDAX vs DEMIX | |
| Delaware Growth and Income Fund | 0.18 | 0.15 | 0.09 | 98 | Large Cap Value Equities | VIDAX vs FGINX |
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