Looking to diversify beyond VTMSX? The mutual funds below have the lowest correlation with VTMSX — 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 VTMSX.
Best Diversifiers for VTMSX
6 mutual funds have low correlation with VTMSX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Short-Term Municipal Fund (MALMX) (Municipal Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Short-Term Municipal Fund | 0.13 | 0.14 | 0.09 | 73 | Municipal Bonds | VTMSX vs MALMX | |
| Vanguard Limited-Term Tax-Exempt Fund Investor Sha... | 0.14 | 0.11 | 0.09 | 75 | Municipal Bonds | VTMSX vs VMLTX | |
| Vanguard Intermediate-Term Tax-Exempt Fund Admiral... | 0.16 | 0.14 | 0.09 | 69 | Municipal Bonds | VTMSX vs VWIUX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.26 | 0.12 | 0.05 | 94 | Long-Short | VTMSX vs BDMIX | |
| BlackRock Low Duration Bond Portfolio | 0.27 | 0.19 | 0.17 | 71 | Short-Term Bond | VTMSX vs BFMSX |
See all 61 diversifiers for VTMSX
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