Looking to diversify beyond VPKIX? The mutual funds below have the lowest correlation with VPKIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from VPKIX.
Best Diversifiers for VPKIX
4 mutual funds have low correlation with VPKIX (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 0.09, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.09 | 0.19 | 0.20 | 89 | Inflation-Protected Bonds | VPKIX vs VTSPX | |
| Vanguard Energy Fund Admiral Shares | 0.16 | 0.34 | 0.45 | 61 | Energy Equities | VPKIX vs VGELX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.23 | 0.22 | 0.23 | 100 | Total Bond Market | VPKIX vs VUSFX | |
| Vanguard Short-Term Investment-Grade Fund Institut... | 0.27 | 0.25 | 0.23 | 60 | Total Bond Market | VPKIX vs VFSIX | |
| Vanguard Value Index Fund Institutional Shares | 0.56 | 0.59 | 0.64 | 87 | Large Cap Value Equities | VPKIX vs VIVIX |
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