Looking to diversify beyond VBLAX? The mutual funds below have the lowest correlation with VBLAX — 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 VBLAX.
Best Diversifiers for VBLAX
6 mutual funds have low correlation with VBLAX (below 0.3), 0 of which are negatively correlated. The least correlated is Hennessy Gas Utility Fund (GASFX) (Utilities Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hennessy Gas Utility Fund | 0.09 | 0.24 | 0.18 | 52 | Utilities Equities | VBLAX vs GASFX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.11 | -0.27 | -0.27 | 99 | Total Bond Market | VBLAX vs JSOSX | |
| Fidelity Flex Conservative Income Bond Fund | 0.15 | 0.20 | 0.21 | 99 | Total Bond Market | VBLAX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.16 | 0.25 | 0.25 | 99 | Ultrashort Bond | VBLAX vs FCNVX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.26 | 0.39 | 0.41 | 99 | Total Bond Market | VBLAX vs VUBFX |
See all 26 diversifiers for VBLAX
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