Looking to diversify beyond VALAX? The mutual funds below have the lowest correlation with VALAX — 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 VALAX.
Best Diversifiers for VALAX
2 mutual funds have low correlation with VALAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.14, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.14 | 0.56 | 0.75 | 53 | Large Cap Value Equities | VALAX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.27 | 0.52 | 0.66 | 52 | Large Cap Value Equities | VALAX vs LEXCX | |
| Fidelity Advisor Large Cap Fund Class I | 0.46 | 0.75 | 0.86 | 62 | Large Cap Value Equities | VALAX vs FALIX | |
| Fidelity Advisor Large Cap Fund Class Z | 0.46 | 0.75 | 0.86 | 62 | Large Cap Value Equities | VALAX vs FIDLX | |
| Fidelity Advisor Large Cap Fund Class A | 0.46 | 0.75 | 0.86 | 61 | Large Cap Value Equities | VALAX vs FALAX |
See all 200 diversifiers for VALAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements VALAX
Add VALAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VALAX