Looking to diversify beyond VEVIX? The mutual funds below have historically moved differently from VEVIX, 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 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 0.09, 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 | VEVIX vs MAFRX | |
| Victory Pioneer Floating Rate Fund Class A | 0.18 | 0.17 | 0.20 | 90 | Bank Loan | VEVIX vs FLARX | |
| Victory Pioneer Securitized Income Fund Class A | 0.20 | 0.15 | 0.11 | 76 | Nontraditional Bonds | VEVIX vs SIFFX | |
| Victory Pioneer Global Equity Fund Class R6 | 0.62 | 0.74 | 0.81 | 84 | Global Equities, Large Cap Value Equities, Sustainable | VEVIX vs PGEKX | |
| Invesco Value Opportunities Fund | 0.67 | 0.76 | 0.84 | 74 | Mid Cap Value Equities | VEVIX vs VVOAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements VEVIX
Add VEVIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VEVIX