Looking to diversify beyond VCPIX? The mutual funds below have historically moved differently from VCPIX, 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 VCPIX
4 mutual funds have low correlation with VCPIX (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 0.14, roughly unchanged from 0.24 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | 0.14 | 0.24 | — | 100 | Ultrashort Bond | VCPIX vs FCNVX | |
| Fidelity Flex Conservative Income Bond Fund | 0.16 | 0.18 | — | 100 | Total Bond Market | VCPIX vs FJTDX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.16 | -0.23 | — | 99 | Total Bond Market | VCPIX vs JSOSX | |
| Principal Diversified Real Asset Fund | 0.26 | 0.38 | — | 87 | Global Allocation | VCPIX vs PDRDX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 0.32 | 0.25 | — | 98 | Ultrashort Bond | VCPIX vs TRBUX |
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