Looking to diversify beyond VMCPX? The mutual funds below have historically moved differently from VMCPX, 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 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 0.08, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.12 | 0.16 | 91 | Inflation-Protected Bonds | VMCPX vs VTSPX | |
| DFA One Year Fixed Income Portfolio | 0.15 | 0.04 | 0.06 | 100 | Ultrashort Bond | VMCPX vs DFIHX | |
| Vanguard Short-Term Bond Index Fund Institutional ... | 0.24 | 0.16 | 0.14 | 57 | Total Bond Market | VMCPX vs VBIPX | |
| Vanguard Short-Term Investment-Grade Fund Institut... | 0.32 | 0.21 | 0.19 | 74 | Total Bond Market | VMCPX vs VFSIX | |
| DFA Five Year Global Fixed Income Portfolio | 0.36 | 0.10 | 0.11 | 81 | Global Bonds | VMCPX vs DFGBX |
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