Looking to diversify beyond VMSIX? The mutual funds below have historically moved differently from VMSIX, 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 VMSIX
4 mutual funds have low correlation with VMSIX (below 0.3), 0 of which are negatively correlated. The least correlated is Baird Ultra Short Bond Fund Institutional Class (BUBIX) (Ultrashort Bond) with a 1Y correlation of 0.22, roughly unchanged from 0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Ultra Short Bond Fund Institutional Class | 0.22 | 0.25 | — | 99 | Ultrashort Bond | VMSIX vs BUBIX | |
| Nationwide Amundi Strategic Income Fund | 0.24 | 0.32 | — | 99 | Multisector Bonds | VMSIX vs NWXHX | |
| Nationwide Strategic Income A | 0.25 | 0.32 | — | 99 | Multisector Bonds | VMSIX vs NWXEX | |
| CrossingBridge Low Duration High Yield Fund | 0.27 | 0.29 | — | 96 | Multisector Bonds | VMSIX vs CBLDX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.33 | 0.54 | — | 91 | Inflation-Protected Bonds, Short-Term Bond, Investment Grade Bonds | VMSIX vs VTIPX |
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