Looking to diversify beyond VIMCX? The mutual funds below have historically moved differently from VIMCX, 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 VIMCX
7 mutual funds have low correlation with VIMCX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Duff & Phelps Select MLP and Energy Fund (VLPIX) (Energy Equities) with a 1Y correlation of 0.04, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Duff & Phelps Select MLP and Energy Fund | 0.04 | 0.30 | 0.41 | 83 | Energy Equities | VIMCX vs VLPIX | |
| Virtus Seix Floating Rate High Income Fund | 0.14 | 0.24 | 0.28 | 97 | Bank Loan | VIMCX vs SAMBX | |
| Virtus Seix U.S. Government Securities Ultra-Short... | 0.25 | 0.11 | 0.11 | 98 | Ultrashort Bond | VIMCX vs SIGVX | |
| Virtus Newfleet Senior Floating Rate Fund | 0.25 | 0.28 | 0.27 | 87 | Bank Loan | VIMCX vs PSFIX | |
| The Merger Fund Class I | 0.28 | 0.29 | 0.36 | 98 | Event Driven | VIMCX vs MERIX |
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