Looking to diversify beyond ARKVX? The mutual funds below have historically moved differently from ARKVX, 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 ARKVX
12 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 -0.06, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.06 | 0.13 | 0.18 | 88 | Energy Equities | ARKVX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.11 | 0.08 | — | 87 | Inflation-Protected Bonds | ARKVX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.11 | 0.18 | 0.22 | 94 | Bank Loan | ARKVX vs FFRHX | |
| AQR Long-Short Equity Fund | 0.11 | 0.18 | — | 80 | Long-Short | ARKVX vs QLEIX | |
| Vanguard Equity Income Fund Admiral Shares | 0.22 | 0.41 | — | 90 | Dividend, Large Cap Value Equities | ARKVX vs VEIRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ARKVX, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.24, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.24 | -0.09 | -0.03 | 86 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.21 | 0.04 | 0.08 | 84 | Consumer Defensive | |
| Altria Group, Inc. | -0.21 | -0.04 | -0.00 | 64 | Consumer Defensive | |
| Enbridge Inc. | -0.18 | 0.09 | 0.16 | 78 | Energy | |
| Exxon Mobil Corporation | -0.18 | -0.01 | 0.04 | 85 | Energy |
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