Looking to diversify beyond VETAX? The mutual funds below have the lowest correlation with VETAX — 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 VETAX.
Best Diversifiers for VETAX
3 mutual funds have low correlation with VETAX (below 0.3), 0 of which are negatively correlated. The least correlated is Victory Pioneer Multi-Asset Ultrashort Income Fund Class A (MAFRX) (Ultrashort Bond) with a 1Y correlation of 0.10, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Multi-Asset Ultrashort Income Fund... | 0.10 | 0.08 | 0.10 | 99 | Ultrashort Bond | VETAX vs MAFRX | |
| Victory Pioneer Floating Rate Fund Class A | 0.16 | 0.17 | 0.20 | 81 | Bank Loan | VETAX vs FLARX | |
| Victory Pioneer Securitized Income Fund Class A | 0.20 | 0.15 | — | 73 | Nontraditional Bonds | VETAX vs SIFFX | |
| Victory Pioneer Global Equity Fund Class R6 | 0.66 | 0.75 | 0.82 | 85 | Global Equities, Large Cap Value Equities, Sustainable | VETAX vs PGEKX | |
| Invesco Value Opportunities Fund | 0.72 | 0.79 | 0.86 | 81 | Mid Cap Value Equities | VETAX vs VVOAX |
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