Looking to diversify beyond MVCKX? The mutual funds below have historically moved differently from MVCKX, 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 MVCKX
1 mutual funds have low correlation with MVCKX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) (Total Bond Market) with a 1Y correlation of 0.24, up from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Bond Index Fund Institutional ... | 0.24 | 0.15 | 0.11 | 56 | Total Bond Market | MVCKX vs VBITX | |
| Invesco Developing Markets Fund Class R6 | 0.44 | 0.50 | 0.57 | 74 | Emerging Markets Equities | MVCKX vs ODVIX | |
| American Funds New World Fund® Class R-6 | 0.46 | 0.57 | 0.68 | 55 | Emerging Markets Equities | MVCKX vs RNWGX | |
| Fidelity 500 Index Fund | 0.62 | 0.71 | 0.80 | 64 | S&P 500 | MVCKX vs FXAIX | |
| Vanguard Institutional Index Fund Institutional Pl... | 0.62 | 0.71 | 0.80 | 63 | S&P 500, Large Cap Blend Equities | MVCKX vs VIIIX |
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