Looking to diversify beyond VMGMX? The mutual funds below have historically moved differently from VMGMX, 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 VMGMX
6 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 -0.06, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Energy Fund | -0.06 | 0.17 | 0.28 | 73 | Energy Equities | VMGMX vs FSTEX | |
| PIMCO Commodity Real Return Strategy Fund | 0.01 | 0.08 | 0.14 | 69 | Commodities | VMGMX vs PCRIX | |
| Vanguard Intermediate-Term Tax-Exempt Fund Investo... | 0.21 | 0.14 | 0.13 | 66 | Municipal Bonds | VMGMX vs VWITX | |
| Vanguard Short-Term Bond Index Fund Institutional ... | 0.24 | 0.13 | 0.14 | 56 | Total Bond Market | VMGMX vs VBITX | |
| Baird Short-Term Bond Fund Institutional Class | 0.25 | 0.14 | 0.14 | 95 | Short-Term Bond | VMGMX vs BSBIX |
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