Looking to diversify beyond VARBX? The mutual funds below have the lowest correlation with VARBX — 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 VARBX.
Best Diversifiers for VARBX
14 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 0.07, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.07 | 0.03 | 0.02 | 94 | Multisector Bonds | VARBX vs DBSCX | |
| River Canyon Total Return Bond Fund | 0.12 | 0.05 | 0.08 | 73 | Short-Term Bond | VARBX vs RCTIX | |
| AQR Long-Short Equity N | 0.13 | 0.12 | 0.12 | 58 | Long-Short | VARBX vs QLENX | |
| First Trust Preferred Securities and Income Fund | 0.14 | 0.14 | 0.17 | 73 | Preferred Stock/Convertible Bonds | VARBX vs FPEIX | |
| First Trust Enhanced Equity Income Fund | 0.16 | 0.18 | 0.26 | 53 | Derivative Income | VARBX vs FFA |
See all 18 diversifiers for VARBX
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