Looking to diversify beyond VIKSX? The mutual funds below have historically moved differently from VIKSX, 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 VIKSX
2 mutual funds have low correlation with VIKSX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Seix Floating Rate High Income Fund (SAMBX) (Bank Loan) with a 1Y correlation of 0.18, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.18 | 0.22 | 0.25 | 98 | Bank Loan | VIKSX vs SAMBX | |
| The Merger Fund | 0.30 | 0.26 | 0.35 | 96 | Event Driven | VIKSX vs MERFX | |
| Virtus Duff & Phelps Real Estate Securities Fund | 0.41 | 0.53 | 0.60 | 68 | REIT | VIKSX vs PHRAX | |
| Timothy Plan Aggressive Growth Fund | 0.46 | 0.65 | 0.76 | 66 | Mid Cap Growth Equities | VIKSX vs TAAGX | |
| Needham Growth Fund | 0.48 | 0.58 | 0.69 | 57 | Mid Cap Growth Equities | VIKSX vs NEEGX |
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