Looking to diversify beyond VLEOX? The mutual funds below have historically moved differently from VLEOX, 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 VLEOX
1 mutual funds have low correlation with VLEOX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.20, down from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.20 | 0.54 | 0.72 | 71 | Small Cap Growth Equities | VLEOX vs QISGX | |
| Driehaus Micro Cap Growth Fund | 0.60 | 0.73 | 0.78 | 82 | Small Cap Growth Equities | VLEOX vs DMCRX | |
| Lord Abbett Micro Cap Growth Fund | 0.64 | 0.74 | 0.79 | 68 | Small Cap Growth Equities | VLEOX vs LMIYX | |
| Oberweis Micro Cap Fund | 0.66 | 0.78 | 0.83 | 79 | Small Cap Growth Equities | VLEOX vs OBMCX | |
| Calamos Timpani Small Cap Growth Fund | 0.66 | 0.76 | 0.81 | 55 | Small Cap Growth Equities | VLEOX vs CTSIX |
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