Looking to diversify beyond TORIX? The mutual funds below have historically moved differently from TORIX, 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 TORIX
5 mutual funds have low correlation with TORIX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Balanced Index Fund Institutional Shares (VBAIX) (Diversified Portfolio) with a 1Y correlation of -0.14, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Balanced Index Fund Institutional Shares | -0.14 | 0.24 | 0.39 | 59 | Diversified Portfolio | TORIX vs VBAIX | |
| Fidelity 500 Index Fund | -0.13 | 0.24 | 0.40 | 59 | S&P 500 | TORIX vs FXAIX | |
| Delaware Ivy Energy Fund | 0.20 | 0.44 | 0.65 | 92 | Energy Equities | TORIX vs IEYYX | |
| Victory Global Energy Transition Fund Class Y | 0.22 | 0.45 | 0.61 | 96 | Energy Equities | TORIX vs RSNYX | |
| Victory Global Energy Transition Fund | 0.23 | 0.46 | 0.61 | 96 | Energy Equities | TORIX vs RSNRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TORIX, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of 0.55, roughly unchanged from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | 0.55 | 0.52 | 0.64 | 85 | Energy | |
| Cheniere Energy, Inc. | 0.68 | 0.69 | 0.70 | 53 | Energy | |
| Energy Transfer LP | 0.70 | 0.73 | 0.77 | 82 | Energy |
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