Looking to diversify beyond VSNGX? The mutual funds below have the lowest correlation with VSNGX — 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 VSNGX.
Best Diversifiers for VSNGX
1 mutual funds have low correlation with VSNGX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.26 | 0.24 | 0.29 | 80 | Multisector Bonds | VSNGX vs JMSIX | |
| Tanaka Growth Fund | 0.60 | 0.67 | 0.75 | 54 | Mid Cap Growth Equities | VSNGX vs TGFRX | |
| Essex Environmental Opportunities Fund | 0.67 | 0.77 | 0.81 | 79 | Mid Cap Growth Equities | VSNGX vs EEOFX | |
| Invesco Discovery Mid Cap Growth Fund Class A | 0.67 | 0.80 | 0.86 | 54 | Mid Cap Growth Equities | VSNGX vs OEGAX | |
| Needham Growth Fund Institutional Class | 0.71 | 0.73 | 0.80 | 93 | Mid Cap Growth Equities | VSNGX vs NEEIX |
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