Looking to diversify beyond VMCPX? The mutual funds below have the lowest correlation with VMCPX — 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 VMCPX.
Best Diversifiers for VMCPX
3 mutual funds have low correlation with VMCPX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.02, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.02 | 0.12 | 0.16 | 94 | Inflation-Protected Bonds | VMCPX vs VTSPX | |
| DFA One Year Fixed Income Portfolio | 0.08 | 0.03 | 0.05 | 99 | Ultrashort Bond | VMCPX vs DFIHX | |
| Vanguard Short-Term Investment-Grade Fund Institut... | 0.27 | 0.21 | 0.18 | 64 | Total Bond Market | VMCPX vs VFSIX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.47 | 0.49 | 0.50 | 73 | High Yield Bonds | VMCPX vs VWEAX | |
| Vanguard Emerging Markets Index Fund Institutional... | 0.53 | 0.55 | 0.59 | 53 | Emerging Markets Equities | VMCPX vs VEMRX |
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