Looking to diversify beyond VZICX? The mutual funds below have historically moved differently from VZICX, 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 VZICX
2 mutual funds have low correlation with VZICX (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 0.12, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.12 | 0.15 | 0.18 | 91 | Inflation-Protected Bonds | VZICX vs VTSPX | |
| Vanguard Short-Term Treasury Fund Investor Shares | 0.27 | 0.14 | 0.10 | 65 | Government Bonds | VZICX vs VFISX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.32 | 0.22 | 0.19 | 100 | Total Bond Market | VZICX vs VUSFX | |
| Vanguard Short-Term Investment-Grade Fund Institut... | 0.34 | 0.22 | 0.19 | 74 | Total Bond Market | VZICX vs VFSIX | |
| Federated Hermes International Strategic Value Div... | 0.41 | 0.53 | 0.66 | 88 | Foreign Large Cap Equities | VZICX vs IVFIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VZICX, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.33, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.33 | 0.37 | 0.46 | 89 | Technology |
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