Looking to diversify beyond VMBSX? The mutual funds below have the lowest correlation with VMBSX — 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 VMBSX.
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 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 | 99 | Total Bond Market | VMBSX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.11 | 0.24 | 0.24 | 99 | Ultrashort Bond | VMBSX vs FCNVX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.16 | -0.25 | -0.29 | 99 | Total Bond Market | VMBSX vs JSOSX | |
| Vanguard 500 Index Fund Admiral Shares | 0.34 | 0.24 | 0.20 | 62 | S&P 500, Large Cap Blend Equities | VMBSX vs VFIAX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.35 | 0.25 | 0.21 | 62 | Large Cap Blend Equities | VMBSX vs VTSAX |
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