Looking to diversify beyond VMNVX? The mutual funds below have historically moved differently from VMNVX, 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 VMNVX
0 mutual funds have low correlation with VMNVX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds The New Economy Fund Class A (ANEFX) (Global Equities) with a 1Y correlation of 0.31, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The New Economy Fund Class A | 0.31 | 0.49 | 0.61 | 72 | Global Equities, Actively Managed | VMNVX vs ANEFX | |
| American Funds The New Economy Fund Class R-3 | 0.32 | 0.49 | 0.61 | 63 | Global Equities | VMNVX vs RNGCX | |
| American Funds The New Economy Fund® Class F-2 | 0.32 | 0.50 | 0.61 | 70 | Global Equities | VMNVX vs NEFFX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.33 | 0.28 | 0.35 | 90 | Multistrategy, Systematic Trend, Global Equities | VMNVX vs MBXIX | |
| GMO Climate Change Fund | 0.34 | 0.44 | 0.53 | 61 | Global Equities | VMNVX vs GCCHX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements VMNVX
Add VMNVX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VMNVX