Looking to diversify beyond VEVIX? The mutual funds below have the lowest correlation with VEVIX — 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 VEVIX.
Best Diversifiers for VEVIX
3 mutual funds have low correlation with VEVIX (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 | VEVIX vs MAFRX | |
| Victory Pioneer Floating Rate Fund Class A | 0.16 | 0.17 | 0.20 | 81 | Bank Loan | VEVIX vs FLARX | |
| Victory Pioneer Securitized Income Fund Class A | 0.20 | 0.15 | — | 73 | Nontraditional Bonds | VEVIX vs SIFFX | |
| Victory Pioneer Global Equity Fund Class R6 | 0.65 | 0.75 | 0.82 | 85 | Global Equities, Large Cap Value Equities, Sustainable | VEVIX vs PGEKX | |
| Invesco Value Opportunities Fund Class Y | 0.72 | 0.79 | 0.85 | 81 | Mid Cap Value Equities | VEVIX vs VVOIX |
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