Looking to diversify beyond VMCIX? The mutual funds below have historically moved differently from VMCIX, 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 VMCIX
0 mutual funds have low correlation with VMCIX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX) (Total Bond Market) with a 1Y correlation of 0.32, up from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Investment-Grade Fund Institut... | 0.32 | 0.21 | 0.19 | 54 | Total Bond Market | VMCIX vs VFSIX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.51 | 0.49 | 0.51 | 55 | High Yield Bonds | VMCIX vs VWEAX | |
| DFA Emerging Markets Portfolio | 0.54 | 0.56 | 0.60 | 67 | Emerging Markets Equities | VMCIX vs DFEMX | |
| State Street S&P 500 Index Fund Class N | 0.59 | 0.69 | 0.82 | 75 | Large Cap Blend Equities | VMCIX vs SVSPX | |
| Fidelity Advisor Focused Emerging Markets Fund Cla... | 0.60 | 0.55 | 0.58 | 75 | Emerging Markets Equities | VMCIX vs FZAEX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VMCIX, 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 Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of 0.04, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | 0.04 | 0.22 | 0.28 | 98 | Energy | |
| Arista Networks, Inc. | 0.40 | 0.45 | 0.54 | 75 | Technology | |
| Rigetti Computing Inc | 0.44 | 0.41 | 0.38 | 52 | Technology | |
| Vertiv Holdings Co. | 0.46 | 0.49 | 0.58 | 81 | Industrials |
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