Looking to diversify beyond VMPAX? The mutual funds below have the lowest correlation with VMPAX — 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 VMPAX.
Best Diversifiers for VMPAX
13 mutual funds have low correlation with VMPAX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Small Company Value Fund (SCVAX) (Small Cap Value 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 |
|---|---|---|---|---|---|---|---|
| Allspring Small Company Value Fund | 0.16 | 0.14 | 0.08 | 51 | Small Cap Value Equities | VMPAX vs SCVAX | |
| Allspring Diversified Capital Builder Fund | 0.17 | 0.10 | 0.08 | 95 | Diversified Portfolio | VMPAX vs EKBAX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.30 | 0.38 | 99 | Municipal Bonds | VMPAX vs USMSX | |
| Allspring Disciplined U.S. Core Fund | 0.21 | 0.13 | 0.08 | 70 | Large Cap Blend Equities | VMPAX vs EVSAX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.24 | 0.36 | 99 | Municipal Bonds | VMPAX vs DFSMX |
See all 22 diversifiers for VMPAX
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