Looking to diversify beyond VMGMX? The mutual funds below have the lowest correlation with VMGMX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from VMGMX.
Best Diversifiers for VMGMX
4 mutual funds have low correlation with VMGMX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) (Municipal Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Intermediate-Term Tax-Exempt Fund Investo... | 0.18 | 0.14 | 0.13 | 71 | Municipal Bonds | VMGMX vs VWITX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.25 | 0.33 | 0.43 | 67 | High Yield Bonds | VMGMX vs FIHBX | |
| Baird Short-Term Bond Fund Institutional Class | 0.26 | 0.15 | 0.14 | 93 | Short-Term Bond | VMGMX vs BSBIX | |
| Vanguard Short-Term Investment-Grade Fund Admiral ... | 0.30 | 0.20 | 0.18 | 68 | Total Bond Market | VMGMX vs VFSUX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.50 | 0.47 | 0.50 | 70 | High Yield Bonds | VMGMX vs VWEAX |
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