Looking to diversify beyond VWNEX? The mutual funds below have the lowest correlation with VWNEX — 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 VWNEX.
Best Diversifiers for VWNEX
3 mutual funds have low correlation with VWNEX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) (Municipal Bonds) with a 1Y correlation of 0.22, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard New York Long-Term Tax-Exempt Fund Admira... | 0.22 | 0.16 | 0.09 | 83 | Municipal Bonds | VWNEX vs VNYUX | |
| Federated Hermes Equity Income Fund | 0.23 | 0.57 | 0.77 | 71 | Large Cap Value Equities | VWNEX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.30 | 0.57 | 0.69 | 78 | Large Cap Value Equities | VWNEX vs LEXCX | |
| AMG Yacktman Focused Fund | 0.45 | 0.64 | 0.78 | 85 | Large Cap Value Equities | VWNEX vs YAFFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.45 | 0.61 | 0.72 | 86 | Large Cap Value Equities | VWNEX vs SVAIX |
See all 66 diversifiers for VWNEX
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