Looking to diversify beyond VKMMX? The mutual funds below have historically moved differently from VKMMX, 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 VKMMX
16 mutual funds have low correlation with VKMMX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.02, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.02 | 0.20 | 0.23 | 94 | Municipal Bonds | VKMMX vs DMREX | |
| Nationwide Amundi Strategic Income Fund | 0.15 | 0.19 | 0.16 | 99 | Multisector Bonds | VKMMX vs NWXHX | |
| Invesco Small Cap Value Fund | 0.16 | 0.11 | 0.06 | 76 | Small Cap Value Equities | VKMMX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.18 | 0.12 | 0.07 | 74 | Mid Cap Value Equities | VKMMX vs VVOAX | |
| Invesco Comstock Fund | 0.20 | 0.12 | 0.06 | 83 | Large Cap Value Equities | VKMMX vs ACSTX |
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