Looking to diversify beyond VMLUX? The mutual funds below have historically moved differently from VMLUX, 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 VMLUX
19 mutual funds have low correlation with VMLUX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.04, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.04 | 0.19 | 0.24 | 91 | Municipal Bonds | VMLUX vs DCARX | |
| Vanguard 500 Index Fund Admiral Shares | 0.12 | 0.10 | 0.08 | 63 | S&P 500, Large Cap Blend Equities | VMLUX vs VFIAX | |
| DFA Municipal Real Return Portfolio | 0.12 | 0.24 | 0.26 | 94 | Municipal Bonds | VMLUX vs DMREX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.13 | 0.11 | 0.09 | 64 | Large Cap Blend Equities | VMLUX vs VTSAX | |
| Fidelity 500 Index Fund | 0.14 | 0.10 | 0.08 | 64 | S&P 500 | VMLUX vs FXAIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VMLUX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Suncor Energy Inc. (SU) (Energy) with a 1Y correlation of -0.22, down from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.22 | -0.09 | -0.07 | 94 | Energy | |
| Cisco Systems, Inc. | -0.03 | 0.03 | 0.04 | 93 | Technology | |
| Target Corporation | -0.02 | 0.06 | 0.07 | 84 | Consumer Defensive | |
| Union Pacific Corporation | -0.01 | 0.06 | 0.02 | 85 | Industrials | |
| CVS Health Corporation | -0.00 | 0.04 | 0.01 | 94 | Healthcare |
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