Looking to diversify beyond VNYTX? The mutual funds below have the lowest correlation with VNYTX — 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 VNYTX.
Best Diversifiers for VNYTX
22 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.17 | 0.20 | 95 | Municipal Bonds | VNYTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.21 | 0.22 | 94 | Municipal Bonds | VNYTX vs DMREX | |
| Vanguard Information Technology Index Fund Admiral... | 0.10 | 0.08 | 0.09 | 65 | Technology Equities | VNYTX vs VITAX | |
| Fidelity Floating Rate High Income Fund | 0.17 | 0.18 | 0.21 | 92 | Bank Loan | VNYTX vs FFRHX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.17 | 0.19 | 0.23 | 90 | High Yield Bonds | VNYTX vs FFRAX |
See all 42 diversifiers for VNYTX
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