Looking to diversify beyond VCOBX? The mutual funds below have the lowest correlation with VCOBX — 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 VCOBX.
Best Diversifiers for VCOBX
4 mutual funds have low correlation with VCOBX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Conservative Income Bond Institutional Class (FCNVX) (Total Bond Market) with a 1Y correlation of 0.06, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | 0.06 | 0.25 | 0.25 | 99 | Total Bond Market | VCOBX vs FCNVX | |
| Fidelity Flex Conservative Income Bond Fund | 0.11 | 0.18 | 0.22 | 99 | Total Bond Market | VCOBX vs FJTDX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.16 | -0.24 | -0.28 | 99 | Total Bond Market | VCOBX vs JSOSX | |
| Vanguard Information Technology Index Fund Admiral... | 0.21 | 0.14 | 0.13 | 65 | Technology Equities | VCOBX vs VITAX | |
| Vanguard Capital Opportunity Fund Admiral Shares | 0.33 | 0.21 | 0.14 | 91 | Large Cap Growth Equities | VCOBX vs VHCAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VCOBX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VCOBX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.27, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.27 | -0.07 | -0.10 | 68 | Energy | |
| NVIDIA Corporation | 0.02 | 0.04 | 0.07 | 76 | Technology | |
| Definium Therapeutics, Inc | 0.07 | 0.07 | — | 98 | Healthcare | |
| Atai Life Sciences N.V. | 0.10 | 0.09 | 0.10 | 67 | Healthcare | |
| GH Research PLC | 0.13 | 0.02 | 0.02 | 73 | Healthcare |
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Build a portfolio that complements VCOBX
Add VCOBX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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