Looking to diversify beyond VMNFX? The mutual funds below have historically moved differently from VMNFX, 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 VMNFX
49 mutual funds have low correlation with VMNFX (below 0.3), 24 of which are negatively correlated. The least correlated is Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) (Short-Term Bond) with a 1Y correlation of -0.16, roughly unchanged from -0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Bond Index Fund Admiral Shares | -0.16 | -0.15 | -0.17 | 57 | Short-Term Bond, Investment Grade Bonds | VMNFX vs VBIRX | |
| T. Rowe Price Equity Income Fund | -0.13 | -0.07 | 0.01 | 91 | Dividend, Large Cap Value Equities | VMNFX vs PRFDX | |
| Vanguard Small-Cap Value Index Fund Admiral Shares | -0.13 | -0.08 | -0.01 | 77 | Small Cap Value Equities | VMNFX vs VSIAX | |
| BlackRock Allocation Target Shares Series S Portfo... | -0.13 | -0.15 | -0.16 | 84 | Short-Term Bond | VMNFX vs BRASX | |
| Fidelity Small Cap Index Fund | -0.13 | -0.12 | -0.09 | 79 | Small Cap Blend Equities | VMNFX vs FSSNX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VMNFX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.13, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.13 | -0.02 | 0.05 | 61 | Financial Services | |
| Johnson & Johnson | -0.07 | -0.09 | -0.07 | 97 | Healthcare | |
| Micron Technology, Inc. | 0.19 | 0.07 | 0.04 | 99 | Technology |
Build a portfolio that complements VMNFX
Add VMNFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VMNFX