Looking to diversify beyond VMNVX? The mutual funds below have the lowest correlation with VMNVX — 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 VMNVX.
Best Diversifiers for VMNVX
2 mutual funds have low correlation with VMNVX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Global Technology Fund I Class (PGTIX) (Technology Equities) with a 1Y correlation of 0.27, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Technology Fund I Class | 0.27 | 0.38 | 0.46 | 87 | Technology Equities, Global Equities | VMNVX vs PGTIX | |
| Baron Global Advantage Fund | 0.30 | 0.41 | 0.49 | 68 | Global Equities | VMNVX vs BGAIX | |
| Vanguard Information Technology Index Fund Admiral... | 0.30 | 0.43 | 0.56 | 65 | Technology Equities | VMNVX vs VITAX | |
| American Funds The New Economy Fund | 0.36 | 0.52 | 0.63 | 87 | Global Equities | VMNVX vs ANEFX | |
| American Funds The New Economy Fund Class R-3 | 0.36 | 0.52 | 0.63 | 86 | Global Equities | VMNVX vs RNGCX |
See all 109 diversifiers for VMNVX
To view more results, upgrade your current subscription plan.
Diversification Analysis
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