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
2 mutual funds have low correlation with VMGMX (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Energy Fund (FSTEX) (Energy Equities) with a 1Y correlation of -0.04, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Energy Fund | -0.04 | 0.22 | 0.30 | 71 | Energy Equities | VMGMX vs FSTEX | |
| Vanguard Short-Term Investment-Grade Fund Admiral ... | 0.27 | 0.18 | 0.18 | 63 | Total Bond Market | VMGMX vs VFSUX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.46 | 0.46 | 0.49 | 73 | High Yield Bonds | VMGMX vs VWEAX | |
| Vanguard Emerging Markets Stock Index Fund Admiral... | 0.57 | 0.58 | 0.60 | 53 | Emerging Markets Equities | VMGMX vs VEMAX | |
| Vanguard Wellesley Income Fund Admiral Shares | 0.62 | 0.63 | 0.63 | 54 | Diversified Portfolio | VMGMX vs VWIAX |
See all 64 diversifiers for VMGMX
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