Looking to diversify beyond ARKVX? The mutual funds below have the lowest correlation with ARKVX — 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 ARKVX.
Best Diversifiers for ARKVX
7 mutual funds have low correlation with ARKVX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.01, down from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.01 | 0.17 | — | 55 | Energy Equities | ARKVX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.10 | — | 87 | Inflation-Protected Bonds | ARKVX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.15 | 0.21 | — | 92 | Bank Loan | ARKVX vs FFRHX | |
| Vanguard Equity Income Fund Investor Shares | 0.28 | 0.44 | — | 61 | Large Cap Value Equities | ARKVX vs VEIPX | |
| Vanguard Equity Income Fund Admiral Shares | 0.28 | 0.44 | — | 61 | Large Cap Value Equities | ARKVX vs VEIRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARKVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARKVX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.23, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.23 | -0.08 | -0.02 | 76 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.22 | 0.04 | 0.08 | 85 | Consumer Defensive | |
| Altria Group, Inc. | -0.18 | -0.03 | 0.01 | 78 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.14 | 0.01 | 0.05 | 75 | Energy | |
| Duke Energy Corporation | -0.13 | -0.09 | -0.03 | 67 | Utilities |
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