Looking to diversify beyond VCPAX? The mutual funds below have the lowest correlation with VCPAX — 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 VCPAX.
Best Diversifiers for VCPAX
4 mutual funds have low correlation with VCPAX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Investor Shares (VMNFX) (Long-Short) with a 1Y correlation of -0.13, roughly unchanged from -0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Investor Shares | -0.13 | -0.15 | — | 96 | Long-Short | VCPAX vs VMNFX | |
| Fidelity Flex Conservative Income Bond Fund | 0.08 | 0.18 | 0.22 | 100 | Total Bond Market | VCPAX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.08 | 0.24 | — | 100 | Ultrashort Bond | VCPAX vs FCNVX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.14 | -0.24 | — | 99 | Total Bond Market | VCPAX vs JSOSX | |
| Vanguard 500 Index Fund Admiral Shares | 0.35 | 0.25 | — | 69 | S&P 500, Large Cap Blend Equities | VCPAX vs VFIAX |
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