Looking to diversify beyond VMVFX? The mutual funds below have historically moved differently from VMVFX, 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 VMVFX
8 mutual funds have low correlation with VMVFX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Investor Shares (VMNFX) (Long-Short) with a 1Y correlation of -0.12, roughly unchanged from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Investor Shares | -0.12 | -0.06 | -0.05 | 97 | Long-Short | VMVFX vs VMNFX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.06 | 0.09 | 0.08 | 100 | Bank Loan, High Yield Bonds | VMVFX vs CCLFX | |
| CrossingBridge Low Duration High Yield Fund | 0.08 | 0.12 | 0.14 | 95 | Multisector Bonds | VMVFX vs CBLDX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.08 | 0.08 | 0.07 | 99 | Total Bond Market | VMVFX vs VUBFX | |
| Fidelity Floating Rate High Income Fund | 0.09 | 0.21 | 0.25 | 93 | Bank Loan | VMVFX vs FFRHX |
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