Looking to diversify beyond VARBX? The mutual funds below have historically moved differently from VARBX, 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 VARBX
15 mutual funds have low correlation with VARBX (below 0.3), 0 of which are negatively correlated. The least correlated is Doubleline Selective Credit Fund (DBSCX) (Multisector Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.10 | 0.06 | 0.02 | 91 | Multisector Bonds | VARBX vs DBSCX | |
| River Canyon Total Return Bond Fund | 0.12 | 0.07 | 0.07 | 82 | Short-Term Bond | VARBX vs RCTIX | |
| First Trust Preferred Securities and Income Fund | 0.14 | 0.17 | 0.17 | 55 | Preferred Stock | VARBX vs FPEIX | |
| AQR Long-Short Equity Fund Class N | 0.16 | 0.14 | 0.12 | 74 | Long-Short, Actively Managed | VARBX vs QLENX | |
| Camelot Event Driven Fund Class A | 0.17 | 0.19 | 0.22 | 53 | Event Driven | VARBX vs EVDAX |
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