Looking to diversify beyond VWNFX? The mutual funds below have historically moved differently from VWNFX, 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 VWNFX
3 mutual funds have low correlation with VWNFX (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 0.13, down from 0.62 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 | 0.13 | 0.49 | 0.62 | 62 | Quality Factor, Large Cap Value Equities | VWNFX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.20 | 0.48 | 0.62 | 93 | Large Cap Value Equities | VWNFX vs LEXCX | |
| Federated Hermes Equity Income Fund | 0.26 | 0.55 | 0.75 | 72 | Dividend, Large Cap Value Equities | VWNFX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.37 | 0.49 | 0.62 | 94 | Large Cap Value Equities | VWNFX vs SVAIX | |
| AMG Yacktman Focused Fund | 0.43 | 0.65 | 0.78 | 89 | Large Cap Value Equities | VWNFX vs YAFFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VWNFX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.27, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.27 | 0.47 | 0.61 | 61 | Financial Services |
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