Looking to diversify beyond VSMGX? The mutual funds below have the lowest correlation with VSMGX — 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 VSMGX.
Best Diversifiers for VSMGX
5 mutual funds have low correlation with VSMGX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | 0.49 | 67 | Diversified Portfolio | VSMGX vs MHELX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.13 | 0.25 | 0.27 | 89 | Inflation-Protected Bonds | VSMGX vs VTAPX | |
| Vanguard Limited-Term Tax-Exempt Fund Investor Sha... | 0.22 | 0.21 | 0.19 | 76 | Municipal Bonds | VSMGX vs VMLTX | |
| Vanguard Intermediate-Term Tax-Exempt Fund Investo... | 0.27 | 0.25 | 0.23 | 70 | Municipal Bonds | VSMGX vs VWITX | |
| Fidelity Floating Rate High Income Fund | 0.27 | 0.30 | 0.35 | 92 | Bank Loan | VSMGX vs FFRHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VSMGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VSMGX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.17, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.17 | 0.03 | 0.16 | 68 | Energy | |
| Altria Group, Inc. | -0.17 | 0.05 | 0.15 | 70 | Consumer Defensive | |
| ConocoPhillips Company | -0.16 | 0.05 | 0.17 | 61 | Energy | |
| Chevron Corporation | -0.14 | 0.05 | 0.18 | 68 | Energy | |
| Duke Energy Corporation | -0.08 | 0.06 | 0.15 | 62 | Utilities |
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