Looking to diversify beyond VNYTX? The mutual funds below have historically moved differently from VNYTX, 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 VNYTX
20 mutual funds have low correlation with VNYTX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.16 | 0.20 | 91 | Municipal Bonds | VNYTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.06 | 0.21 | 0.23 | 94 | Municipal Bonds | VNYTX vs DMREX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.17 | 0.19 | 0.22 | 94 | High Yield Bonds | VNYTX vs FFRAX | |
| Fidelity Floating Rate High Income Fund | 0.18 | 0.18 | 0.21 | 95 | Bank Loan | VNYTX vs FFRHX | |
| Vanguard Equity Income Fund Investor Shares | 0.20 | 0.14 | 0.08 | 84 | Dividend, Large Cap Value Equities | VNYTX vs VEIPX |
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