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
34 mutual funds have low correlation with VMNFX (below 0.3), 22 of which are negatively correlated. The least correlated is Fidelity Small Cap Index Fund (FSSNX) (Small Cap Blend Equities) with a 1Y correlation of -0.16, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Small Cap Index Fund | -0.16 | -0.12 | -0.08 | 69 | Small Cap Blend Equities | VMNFX vs FSSNX | |
| BlackRock Allocation Target Shares Series S Portfo... | -0.15 | -0.15 | -0.15 | 67 | Short-Term Bond | VMNFX vs BRASX | |
| Vanguard Small-Cap Value Index Fund Admiral Shares | -0.14 | -0.08 | 0.00 | 53 | Small Cap Value Equities | VMNFX vs VSIAX | |
| T. Rowe Price Equity Income Fund | -0.14 | -0.08 | 0.03 | 74 | Large Cap Value Equities | VMNFX vs PRFDX | |
| John Hancock Disciplined Value Global Long/Short F... | -0.09 | — | — | 81 | Long-Short | VMNFX vs JAKVX |
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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 Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.07, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.07 | -0.10 | -0.07 | 95 | Healthcare | |
| Micron Technology, Inc. | 0.16 | 0.07 | 0.05 | 99 | Technology |
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