Looking to diversify beyond VMVAX? The mutual funds below have the lowest correlation with VMVAX — 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 VMVAX.
Best Diversifiers for VMVAX
3 mutual funds have low correlation with VMVAX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Investment-Grade Fund Admiral Shares (VFSUX) (Total Bond Market) with a 1Y correlation of 0.24, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Investment-Grade Fund Admiral ... | 0.24 | 0.20 | 0.16 | 63 | Total Bond Market | VMVAX vs VFSUX | |
| Invesco Energy Fund | 0.28 | 0.43 | 0.51 | 71 | Energy Equities | VMVAX vs FSTEX | |
| Janus Global Technology and Innovation Fund | 0.29 | 0.40 | 0.53 | 78 | Technology Equities | VMVAX vs JAGTX | |
| Fidelity Advisor Growth Opportunities Fund Class Z | 0.33 | 0.45 | 0.58 | 55 | Large Cap Growth Equities | VMVAX vs FZAHX | |
| Vanguard Information Technology Index Fund Admiral... | 0.37 | 0.44 | 0.57 | 79 | Technology Equities | VMVAX vs VITAX |
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