Looking to diversify beyond VMPAX? The mutual funds below have historically moved differently from VMPAX, 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 VMPAX
12 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 0.17, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Small Company Value Fund | 0.17 | 0.15 | 0.09 | 73 | Small Cap Value Equities | VMPAX vs SCVAX | |
| abrdn Ultra Short Municipal Income Fund | 0.18 | 0.24 | 0.25 | 100 | Municipal Bonds | VMPAX vs ATOIX | |
| Allspring Diversified Capital Builder Fund | 0.19 | 0.09 | 0.08 | 87 | Diversified Portfolio | VMPAX vs EKBAX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.20 | 0.23 | 0.22 | 99 | Municipal Bonds | VMPAX vs TFCYX | |
| JPMorgan Ultra-Short Municipal Fund | 0.23 | 0.31 | 0.38 | 98 | Municipal Bonds | VMPAX vs USMSX |
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