Looking to diversify beyond VNJTX? The mutual funds below have historically moved differently from VNJTX, 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 VNJTX
17 mutual funds have low correlation with VNJTX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.01 | 0.18 | 0.23 | 92 | Municipal Bonds | VNJTX vs DMREX | |
| DFA California Municipal Real Return Portfolio | 0.02 | 0.16 | 0.22 | 89 | Municipal Bonds | VNJTX vs DCARX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.31 | 0.38 | 98 | Municipal Bonds | VNJTX vs USMSX | |
| Vanguard 500 Index Fund Admiral Shares | 0.20 | 0.14 | 0.13 | 59 | S&P 500, Large Cap Blend Equities | VNJTX vs VFIAX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.22 | 0.16 | 0.14 | 59 | Large Cap Blend Equities | VNJTX vs VTSAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements VNJTX
Add VNJTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VNJTX