Looking to diversify beyond VMNFX? The mutual funds below have the lowest correlation with VMNFX — 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 VMNFX.
Best Diversifiers for VMNFX
42 mutual funds have low correlation with VMNFX (below 0.3), 18 of which are negatively correlated. The least correlated is T. Rowe Price Equity Income Fund (PRFDX) (Large Cap Value Equities) with a 1Y correlation of -0.15, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Equity Income Fund | -0.15 | -0.08 | 0.02 | 81 | Large Cap Value Equities | VMNFX vs PRFDX | |
| Fidelity Small Cap Index Fund | -0.15 | -0.12 | -0.09 | 65 | Small Cap Blend Equities | VMNFX vs FSSNX | |
| BlackRock Allocation Target Shares Series S Portfo... | -0.14 | -0.15 | -0.16 | 77 | Short-Term Bond | VMNFX vs BRASX | |
| Vanguard Global Minimum Volatility Fund Investor S... | -0.12 | -0.06 | -0.04 | 69 | Global Equities | VMNFX vs VMVFX | |
| Vanguard Windsor II Fund Admiral Shares | -0.10 | -0.04 | 0.00 | 65 | Large Cap Value Equities | VMNFX vs VWNAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VMNFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VMNFX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.15, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.15 | -0.02 | 0.05 | 53 | Financial Services | |
| Johnson & Johnson | -0.09 | -0.10 | -0.07 | 97 | Healthcare | |
| Micron Technology, Inc. | 0.18 | 0.08 | 0.05 | 99 | Technology |
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