Looking to diversify beyond VPAIX? The mutual funds below have historically moved differently from VPAIX, 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 VPAIX
15 mutual funds have low correlation with VPAIX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.17 | 0.22 | 91 | Municipal Bonds | VPAIX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.18 | 0.22 | 94 | Municipal Bonds | VPAIX vs DMREX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.32 | 0.37 | 98 | Municipal Bonds | VPAIX vs USMSX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.25 | 0.17 | 0.14 | 64 | Large Cap Blend Equities | VPAIX vs VTSAX | |
| DFA Short Term Municipal Bond Portfolio | 0.25 | 0.26 | 0.36 | 100 | Municipal Bonds | VPAIX vs DFSMX |
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