Looking to diversify beyond VPALX? The mutual funds below have historically moved differently from VPALX, 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 VPALX
14 mutual funds have low correlation with VPALX (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 | 0.16 | 0.22 | 88 | Municipal Bonds | VPALX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.04 | 0.18 | 0.23 | 91 | Municipal Bonds | VPALX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.23 | 0.26 | 0.36 | 100 | Municipal Bonds | VPALX vs DFSMX | |
| Vanguard 500 Index Fund Admiral Shares | 0.24 | 0.15 | 0.13 | 75 | S&P 500, Large Cap Blend Equities | VPALX vs VFIAX | |
| abrdn Ultra Short Municipal Income Fund | 0.24 | 0.29 | 0.28 | 100 | Municipal Bonds | VPALX vs ATOIX |
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