Looking to diversify beyond VMNIX? The mutual funds below have historically moved differently from VMNIX, 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 VMNIX
27 mutual funds have low correlation with VMNIX (below 0.3), 10 of which are negatively correlated. The least correlated is Gotham Total Return Fund (GTRFX) (Long-Short) with a 1Y correlation of -0.09, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gotham Total Return Fund | -0.09 | -0.01 | 0.03 | 84 | Long-Short | VMNIX vs GTRFX | |
| Fidelity Global Commodity Stock Fund | -0.08 | -0.08 | 0.06 | 88 | Commodities | VMNIX vs FFGCX | |
| Easterly Snow Long/Short Opportunity Fund | -0.07 | -0.04 | 0.05 | 92 | Long-Short | VMNIX vs SNOIX | |
| John Hancock Disciplined Value Global Long/Short F... | -0.06 | — | — | 94 | Long-Short | VMNIX vs JAKVX | |
| Longboard Fund | -0.06 | -0.02 | 0.04 | 67 | Long-Short | VMNIX vs LONGX |
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