Looking to diversify beyond VMNIX? The mutual funds below have the lowest correlation with VMNIX — 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 VMNIX.
Best Diversifiers for VMNIX
24 mutual funds have low correlation with VMNIX (below 0.3), 12 of which are negatively correlated. The least correlated is Fidelity Global Commodity Stock Fund (FFGCX) (Commodities) with a 1Y correlation of -0.16, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Global Commodity Stock Fund | -0.16 | -0.09 | 0.07 | 91 | Commodities | VMNIX vs FFGCX | |
| John Hancock Disciplined Value Global Long/Short F... | -0.12 | — | — | 94 | Long-Short | VMNIX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | -0.12 | — | — | 94 | Long-Short | VMNIX vs JAKVX | |
| Easterly Snow Capital Long/Short Opportunity Fund | -0.10 | -0.04 | 0.07 | 79 | Long-Short | VMNIX vs SNOIX | |
| Gotham Total Return Fund | -0.07 | -0.01 | 0.05 | 59 | Long-Short | VMNIX vs GTRFX |
See all 27 diversifiers for VMNIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements VMNIX
Add VMNIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VMNIX