Looking to diversify beyond VYMSX? The mutual funds below have the lowest correlation with VYMSX — 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 VYMSX.
Best Diversifiers for VYMSX
0 mutual funds have low correlation with VYMSX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Retirement Conservative Portfolio (IRCPX) (Diversified Portfolio) with a 1Y correlation of 0.55, roughly unchanged from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Retirement Conservative Portfolio | 0.55 | 0.59 | 0.59 | 72 | Diversified Portfolio | VYMSX vs IRCPX | |
| Voya Solution Income Portfolio | 0.59 | 0.64 | 0.68 | 71 | Target Retirement Date | VYMSX vs ISWIX | |
| Voya Solution Conservative Portfolio | 0.59 | 0.61 | 0.63 | 60 | Diversified Portfolio | VYMSX vs ICGIX | |
| Voya Target In-Retirement Fund | 0.59 | 0.66 | 0.68 | 78 | Target Retirement Date | VYMSX vs ISOLX | |
| Voya Index Solution Income Portfolio | 0.60 | 0.67 | 0.69 | 74 | Target Retirement Date | VYMSX vs ISKIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VYMSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VYMSX and solid risk/return profiles. 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.55 | 0.58 | 0.64 | 80 | Financial Services |
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