Looking to diversify beyond VCOBX? The mutual funds below have historically moved differently from VCOBX, 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 VCOBX
3 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) (Ultrashort Bond) with a 1Y correlation of 0.12, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | 0.12 | 0.25 | 0.25 | 100 | Ultrashort Bond | VCOBX vs FCNVX | |
| Fidelity Flex Conservative Income Bond Fund | 0.12 | 0.18 | 0.22 | 100 | Total Bond Market | VCOBX vs FJTDX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.15 | -0.23 | -0.28 | 99 | Total Bond Market | VCOBX vs JSOSX | |
| Vanguard Capital Opportunity Fund Admiral Shares | 0.33 | 0.21 | 0.16 | 84 | Large Cap Growth Equities | VCOBX vs VHCAX | |
| Vanguard Institutional Index Fund Institutional Pl... | 0.34 | 0.22 | 0.17 | 63 | S&P 500, Large Cap Blend Equities | VCOBX vs VIIIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VCOBX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.31, down from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.31 | -0.10 | -0.10 | 80 | Energy | |
| NVIDIA Corporation | 0.01 | 0.02 | 0.06 | 56 | Technology | |
| Berkshire Hathaway Inc. | 0.07 | 0.09 | 0.05 | 61 | Financial Services | |
| Duke Energy Corporation | 0.07 | 0.26 | 0.25 | 56 | Utilities | |
| Definium Therapeutics, Inc | 0.10 | 0.06 | 0.07 | 99 | Healthcare |
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