Looking to diversify beyond VTBNX? The mutual funds below have historically moved differently from VTBNX, 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 VTBNX
3 mutual funds have low correlation with VTBNX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) (Total Bond Market) with a 1Y correlation of 0.20, up from -0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.20 | -0.21 | -0.26 | 99 | Total Bond Market | VTBNX vs JSOSX | |
| Vanguard Value Index Fund Admiral Shares | 0.29 | 0.23 | 0.14 | 93 | Large Cap Value Equities | VTBNX vs VVIAX | |
| Vanguard 500 Index Fund Admiral Shares | 0.29 | 0.21 | 0.15 | 63 | S&P 500, Large Cap Blend Equities | VTBNX vs VFIAX | |
| Fidelity Conservative Income Municipal Bond Fund I... | 0.31 | 0.36 | 0.30 | 99 | Municipal Bonds | VTBNX vs FMNDX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.31 | 0.22 | 0.16 | 64 | Large Cap Blend Equities | VTBNX vs VTSAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VTBNX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.14, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.14 | 0.12 | 0.06 | 61 | Financial Services |
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