Looking to diversify beyond VEMBX? The mutual funds below have historically moved differently from VEMBX, 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 VEMBX
1 mutual funds have low correlation with VEMBX (below 0.3), 0 of which are negatively correlated. The least correlated is Payden Floating Rate Fund (PYFRX) (Bank Loan) with a 1Y correlation of 0.27, roughly unchanged from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Payden Floating Rate Fund | 0.27 | 0.24 | 0.35 | 98 | Bank Loan | VEMBX vs PYFRX | |
| Fidelity Capital & Income Fund | 0.44 | 0.46 | 0.54 | 74 | High Yield Bonds | VEMBX vs FAGIX | |
| Fidelity Emerging Markets Fund | 0.46 | 0.34 | 0.38 | 52 | Emerging Markets Equities | VEMBX vs FEMKX | |
| Vanguard Global Capital Cycles Fund | 0.46 | 0.37 | 0.38 | 95 | Global Equities | VEMBX vs VGPMX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.48 | 0.39 | 0.43 | 57 | Emerging Markets Bonds | VEMBX vs EDD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VEMBX, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.37, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.37 | -0.10 | -0.01 | 84 | Energy | |
| Walmart Inc. | -0.04 | 0.05 | 0.11 | 62 | Consumer Defensive | |
| The Coca-Cola Company | -0.01 | 0.09 | 0.14 | 90 | Consumer Defensive | |
| AbbVie Inc. | 0.05 | 0.10 | 0.10 | 81 | Healthcare | |
| Bancolombia S.A. | 0.22 | 0.20 | 0.26 | 96 | Financial Services |
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