Looking to diversify beyond VMBIX? The mutual funds below have the lowest correlation with VMBIX — 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 VMBIX.
Best Diversifiers for VMBIX
3 mutual funds have low correlation with VMBIX (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 0.10, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Flex Conservative Income Bond Fund | 0.10 | 0.17 | 0.22 | 100 | Total Bond Market | VMBIX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.11 | 0.24 | 0.24 | 100 | Ultrashort Bond | VMBIX vs FCNVX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.15 | -0.24 | -0.29 | 99 | Total Bond Market | VMBIX vs JSOSX | |
| Vanguard 500 Index Fund Admiral Shares | 0.34 | 0.24 | 0.20 | 69 | S&P 500, Large Cap Blend Equities | VMBIX vs VFIAX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.35 | 0.25 | 0.21 | 69 | Large Cap Blend Equities | VMBIX vs VTSAX |
See all 21 diversifiers for VMBIX
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