Looking to diversify beyond VHIAX? The mutual funds below have the lowest correlation with VHIAX — 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 VHIAX.
Best Diversifiers for VHIAX
16 mutual funds have low correlation with VHIAX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMTX) (Municipal Bonds) with a 1Y correlation of 0.11, up from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.11 | 0.02 | 0.00 | 99 | Municipal Bonds | VHIAX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.15 | 0.08 | 0.06 | 99 | Municipal Bonds | VHIAX vs USMSX | |
| JPMorgan Short Duration Bond Fund Class C | 0.15 | 0.08 | 0.10 | 61 | Short-Term Bond | VHIAX vs OSTCX | |
| JPMorgan Short Duration Bond A | 0.16 | 0.07 | 0.11 | 74 | Short-Term Bond | VHIAX vs OGLVX | |
| JPMorgan California Tax Free Bond Fund Class C | 0.18 | 0.11 | 0.11 | 65 | Municipal Bonds | VHIAX vs JCBCX |
See all 79 diversifiers for VHIAX
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