Looking to diversify beyond VETAX? The mutual funds below have historically moved differently from VETAX, 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 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 0.09, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Multi-Asset Ultrashort Income Fund... | 0.09 | 0.07 | 0.10 | 99 | Ultrashort Bond | VETAX vs MAFRX | |
| Victory Pioneer Floating Rate Fund Class A | 0.18 | 0.17 | 0.20 | 90 | Bank Loan | VETAX vs FLARX | |
| Victory Pioneer Securitized Income Fund Class A | 0.20 | 0.15 | 0.11 | 76 | Nontraditional Bonds | VETAX vs SIFFX | |
| Victory Pioneer Global Equity Fund Class R6 | 0.61 | 0.74 | 0.81 | 84 | Global Equities, Large Cap Value Equities, Sustainable | VETAX vs PGEKX | |
| Invesco Value Opportunities Fund Class Y | 0.69 | 0.77 | 0.84 | 74 | Mid Cap Value Equities | VETAX vs VVOIX |
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