Looking to diversify beyond VIMAX? The mutual funds below have historically moved differently from VIMAX, 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 VIMAX
16 mutual funds have low correlation with VIMAX (below 0.3), 3 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund - Class I (QSPIX) (Multistrategy) with a 1Y correlation of -0.14, roughly unchanged from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund - Class I | -0.14 | -0.12 | -0.19 | 90 | Multistrategy | VIMAX vs QSPIX | |
| Vanguard Market Neutral Fund Institutional Shares | -0.14 | -0.09 | -0.09 | 97 | Long-Short | VIMAX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.13 | -0.09 | -0.09 | 97 | Long-Short | VIMAX vs VMNFX | |
| Vanguard Commodity Strategy Fund Admiral Shares | 0.03 | 0.11 | 0.19 | 68 | Commodities | VIMAX vs VCMDX | |
| AQR Managed Futures Strategy Fund Class N | 0.07 | 0.02 | -0.14 | 89 | Systematic Trend | VIMAX vs AQMNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VIMAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.11 | 0.19 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.08 | 0.14 | 0.26 | 90 | Consumer Defensive | |
| Chevron Corporation | -0.06 | 0.18 | 0.30 | 80 | Energy | |
| Occidental Petroleum Corporation | -0.04 | 0.17 | 0.29 | 70 | Energy | |
| Exxon Mobil Corporation | -0.04 | 0.15 | 0.27 | 84 | Energy |
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