Looking to diversify beyond VWNEX? The mutual funds below have historically moved differently from VWNEX, 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 VWNEX
4 mutual funds have low correlation with VWNEX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.20, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.20 | 0.51 | 0.65 | 58 | Quality Factor, Large Cap Value Equities | VWNEX vs GQHPX | |
| Vanguard New York Long-Term Tax-Exempt Fund Admira... | 0.23 | 0.16 | 0.10 | 72 | Municipal Bonds | VWNEX vs VNYUX | |
| Voya Corporate Leaders Trust Fund | 0.25 | 0.55 | 0.68 | 94 | Large Cap Value Equities | VWNEX vs LEXCX | |
| Federated Hermes Equity Income Fund | 0.28 | 0.57 | 0.77 | 68 | Dividend, Large Cap Value Equities | VWNEX vs LEIFX | |
| AMG Yacktman Focused Fund | 0.39 | 0.62 | 0.76 | 91 | Large Cap Value Equities | VWNEX vs YAFFX |
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