Looking to diversify beyond VMBSX? The mutual funds below have historically moved differently from VMBSX, 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 VMBSX
3 mutual funds have low correlation with VMBSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Conservative Income Bond Institutional Class (FCNVX) (Ultrashort Bond) with a 1Y correlation of 0.12, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | 0.12 | 0.24 | 0.24 | 99 | Ultrashort Bond | VMBSX vs FCNVX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.16 | -0.23 | -0.29 | 99 | Total Bond Market | VMBSX vs JSOSX | |
| Fidelity Flex Conservative Income Bond Fund | 0.16 | 0.16 | 0.22 | 99 | Total Bond Market | VMBSX vs FJTDX | |
| Vanguard 500 Index Fund Admiral Shares | 0.36 | 0.23 | 0.21 | 59 | S&P 500, Large Cap Blend Equities | VMBSX vs VFIAX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.36 | 0.25 | 0.21 | 59 | Large Cap Blend Equities | VMBSX vs VTSAX |
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