Looking to diversify beyond VMIAX? The mutual funds below have historically moved differently from VMIAX, 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 VMIAX
3 mutual funds have low correlation with VMIAX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Investor Shares (VMNFX) (Long-Short) with a 1Y correlation of -0.17, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Investor Shares | -0.17 | -0.09 | -0.01 | 97 | Long-Short | VMIAX vs VMNFX | |
| Vanguard Energy Index Fund Admiral Shares | 0.06 | 0.30 | 0.44 | 72 | Energy Equities | VMIAX vs VENAX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.11 | 0.14 | 0.17 | 91 | Inflation-Protected Bonds | VMIAX vs VTAPX | |
| Fidelity Natural Resources Fund | 0.41 | 0.49 | 0.58 | 84 | Energy Equities | VMIAX vs FNARX | |
| Goehring & Rozencwajg Resources Fund Retail Class | 0.50 | 0.53 | 0.61 | 51 | Natural Resources | VMIAX vs GRHAX |
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