Looking to diversify beyond VTEAX? The mutual funds below have historically moved differently from VTEAX, 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 VTEAX
13 mutual funds have low correlation with VTEAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.01 | 0.20 | 0.24 | 94 | Municipal Bonds | VTEAX vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.03 | 0.09 | 0.07 | 99 | Municipal Bonds | VTEAX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.04 | 0.11 | 0.09 | 99 | Municipal Bonds | VTEAX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | 0.13 | 0.15 | 0.16 | 100 | Municipal Bonds | VTEAX vs ATOIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.22 | 0.32 | 0.39 | 98 | Municipal Bonds | VTEAX vs USMSX |
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