Looking to diversify beyond VYMSX? The mutual funds below have historically moved differently from VYMSX, 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 VYMSX
1 mutual funds have low correlation with VYMSX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.14, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.14 | 0.46 | 0.59 | 94 | Large Cap Value Equities | VYMSX vs LEXCX | |
| VY CBRE Real Estate Portfolio | 0.42 | 0.56 | 0.64 | 73 | REIT | VYMSX vs IVRSX | |
| Voya International High Dividend Low Volatility Po... | 0.43 | 0.50 | 0.60 | 87 | Foreign Large Cap Equities, Low Volatility | VYMSX vs IFTIX | |
| Voya Global High Dividend Low Volatility Portfolio | 0.58 | 0.70 | 0.78 | 85 | Global Equities, Low Volatility | VYMSX vs IGHAX | |
| Voya Global High Dividend Low Volatility Fund | 0.59 | 0.69 | 0.77 | 57 | Global Equities, Low Volatility | VYMSX vs NAWGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VYMSX, 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 Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) (Financial Services) with a 1Y correlation of 0.55, roughly unchanged from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.55 | 0.57 | 0.64 | 80 | Financial Services |
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