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 abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.18 | 0.24 | 0.25 | 99 | Municipal Bonds | VMPAX vs ATOIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.30 | 0.38 | 99 | Municipal Bonds | VMPAX vs USMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.19 | 0.16 | 0.12 | 99 | Municipal Bonds | VMPAX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.20 | 0.23 | 0.22 | 99 | Municipal Bonds | VMPAX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.25 | 0.36 | 100 | Municipal Bonds | VMPAX vs DFSMX |
See all 24 diversifiers for VMPAX
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