Looking to diversify beyond VEUAX? The mutual funds below have historically moved differently from VEUAX, 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 VEUAX
0 mutual funds have low correlation with VEUAX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund Class I (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.37, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund Class I | 0.37 | 0.29 | 0.33 | 81 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | VEUAX vs JMSIX | |
| The Central and Eastern Europe Fund | 0.39 | 0.35 | 0.33 | 52 | Europe Equities | VEUAX vs CEE | |
| DoubleLine Shiller Enhanced International CAPE | 0.61 | 0.69 | 0.76 | 94 | Europe Equities | VEUAX vs DSEUX | |
| JPMorgan Equity Income Fund R6 | 0.63 | 0.58 | 0.66 | 91 | Large Cap Value Equities, Dividend | VEUAX vs OIEJX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.74 | 0.66 | 0.71 | 59 | Large Cap Blend Equities | VEUAX vs VTSAX |
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