Looking to diversify beyond VHIAX? The mutual funds below have historically moved differently from VHIAX, 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 VHIAX
12 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 0.12, up from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.12 | 0.02 | 0.01 | 98 | Municipal Bonds | VHIAX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.14 | 0.08 | 0.06 | 98 | Municipal Bonds | VHIAX vs USMSX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.15 | -0.03 | -0.11 | 99 | Total Bond Market | VHIAX vs JSOSX | |
| JPMorgan Short Duration Bond A | 0.16 | 0.06 | 0.11 | 71 | Short-Term Bond | VHIAX vs OGLVX | |
| JPMorgan Short Duration Bond Fund Class C | 0.18 | 0.08 | 0.10 | 59 | Short-Term Bond | VHIAX vs OSTCX |
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