Looking to diversify beyond VMGAX? The mutual funds below have historically moved differently from VMGAX, 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 VMGAX
1 mutual funds have low correlation with VMGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) (Mid Cap Value Equities) with a 1Y correlation of 0.26, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Mid-Cap Value Index Fund Admiral Shares | 0.26 | 0.39 | 0.55 | 89 | Mid Cap Value Equities | VMGAX vs VMVAX | |
| Schwab Fundamental US Large Company Index Fund | 0.55 | 0.61 | 0.70 | 96 | Large Cap Value Equities | VMGAX vs SFLNX | |
| ICON Equity Fund | 0.60 | 0.55 | 0.66 | 80 | Large Cap Growth Equities | VMGAX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.60 | 0.66 | 0.74 | 90 | Large Cap Growth Equities | VMGAX vs DNVYX | |
| American Growth Fund Series One | 0.63 | 0.72 | 0.79 | 56 | Large Cap Growth Equities | VMGAX vs AMRGX |
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