Looking to diversify beyond VGCIX? The mutual funds below have historically moved differently from VGCIX, 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 VGCIX
3 mutual funds have low correlation with VGCIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Flex Conservative Income Bond Fund (FJTDX) (Total Bond Market) with a 1Y correlation of 0.12, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Flex Conservative Income Bond Fund | 0.12 | 0.15 | 0.21 | 100 | Total Bond Market | VGCIX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.14 | 0.25 | 0.25 | 100 | Ultrashort Bond | VGCIX vs FCNVX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.15 | -0.22 | -0.28 | 99 | Total Bond Market | VGCIX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.32 | 0.43 | 0.50 | 99 | Total Bond Market | VGCIX vs VUBFX | |
| Vanguard Global Minimum Volatility Fund Investor S... | 0.35 | 0.29 | 0.23 | 80 | Global Equities, Low Volatility | VGCIX vs VMVFX |
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