Looking to diversify beyond VMVAX? The mutual funds below have historically moved differently from VMVAX, 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 VMVAX
4 mutual funds have low correlation with VMVAX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) (Total Bond Market) with a 1Y correlation of 0.16, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Bond Index Fund Institutional ... | 0.16 | 0.16 | 0.12 | 56 | Total Bond Market | VMVAX vs VBITX | |
| Vanguard Short-Term Bond Index Fund Admiral Shares | 0.16 | 0.17 | 0.13 | 57 | Short-Term Bond, Investment Grade Bonds | VMVAX vs VBIRX | |
| Vanguard Short-Term Investment-Grade Fund Admiral ... | 0.24 | 0.21 | 0.17 | 74 | Total Bond Market | VMVAX vs VFSUX | |
| Invesco Energy Fund | 0.24 | 0.38 | 0.49 | 73 | Energy Equities | VMVAX vs FSTEX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.38 | 0.44 | 0.46 | 75 | High Yield Bonds | VMVAX vs VWEAX |
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