Looking to diversify beyond VWNFX? The mutual funds below have the lowest correlation with VWNFX — 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 VWNFX.
Best Diversifiers for VWNFX
2 mutual funds have low correlation with VWNFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.22, down from 0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.22 | 0.55 | 0.76 | 72 | Large Cap Value Equities | VWNFX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.25 | 0.50 | 0.63 | 70 | Large Cap Value Equities | VWNFX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.38 | 0.49 | 0.62 | 84 | Large Cap Value Equities | VWNFX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.49 | 0.68 | 0.77 | 60 | Large Cap Value Equities | VWNFX vs BUFBX | |
| AMG Yacktman Focused Fund | 0.49 | 0.67 | 0.79 | 86 | Large Cap Value Equities | VWNFX vs YAFFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VWNFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VWNFX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.28, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.28 | 0.46 | 0.61 | 53 | Financial Services |
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