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
2 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 0.19, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.19 | 0.47 | 0.60 | 78 | Large Cap Value Equities | VYMSX vs LEXCX | |
| Voya Short Term Bond Fund | 0.29 | 0.21 | 0.16 | 51 | Short-Term Bond | VYMSX vs IISBX | |
| VY CBRE Real Estate Portfolio | 0.42 | 0.56 | 0.65 | 60 | REIT | VYMSX vs IVRSX | |
| Voya International High Dividend Low Volatility Po... | 0.44 | 0.51 | 0.61 | 59 | Foreign Large Cap Equities | VYMSX vs IFTIX | |
| Voya Retirement Conservative Portfolio | 0.57 | 0.59 | 0.60 | 69 | Diversified Portfolio | VYMSX vs IRCPX |
To view more results, upgrade your current subscription plan.
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 0.53, down 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... | 0.53 | 0.57 | 0.64 | 84 | Financial Services |
Build a portfolio that complements VYMSX
Add VYMSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VYMSX