Looking to diversify beyond VIDMX? The mutual funds below have historically moved differently from VIDMX, 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 VIDMX
4 mutual funds have low correlation with VIDMX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) (REIT) with a 1Y correlation of 0.16, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Duff & Phelps Real Estate Securities Fund | 0.16 | 0.28 | 0.36 | 68 | REIT | VIDMX vs PHRAX | |
| The Merger Fund | 0.21 | 0.21 | 0.25 | 96 | Event Driven | VIDMX vs MERFX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.26 | 0.48 | 0.58 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | VIDMX vs GSIYX | |
| Virtus Seix Floating Rate High Income Fund | 0.28 | 0.24 | 0.33 | 98 | Bank Loan | VIDMX vs SAMBX | |
| The Cook & Bynum Fund | 0.31 | 0.40 | 0.48 | 66 | Emerging Markets Equities | VIDMX vs COBYX |
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