Looking to diversify beyond VWNDX? The mutual funds below have historically moved differently from VWNDX, 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 VWNDX
7 mutual funds have low correlation with VWNDX (below 0.3), 2 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund - Class I (QSPIX) (Multistrategy) with a 1Y correlation of -0.22, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund - Class I | -0.22 | -0.12 | -0.09 | 90 | Multistrategy | VWNDX vs QSPIX | |
| AQR Managed Futures Strategy Fund Class N | -0.05 | -0.06 | -0.13 | 89 | Systematic Trend | VWNDX vs AQMNX | |
| GQG Partners US Quality Dividend Income Fund | 0.21 | 0.51 | 0.65 | 62 | Quality Factor, Large Cap Value Equities | VWNDX vs GQHPX | |
| Brown Advisory Tax Exempt Bond Fund | 0.22 | 0.13 | 0.09 | 73 | Municipal Bonds | VWNDX vs BIAEX | |
| AQR Diversified Arbitrage Fund Class I | 0.23 | 0.31 | 0.46 | 99 | Multistrategy | VWNDX vs ADAIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VWNDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Sun Life Financial Inc. (SLF) (Financial Services) with a 1Y correlation of 0.38, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sun Life Financial Inc. | 0.38 | 0.53 | 0.64 | 92 | Financial Services | |
| MetLife, Inc. | 0.62 | 0.69 | 0.74 | 78 | Financial Services |
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