Looking to diversify beyond VBIAX? The mutual funds below have historically moved differently from VBIAX, 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 VBIAX
30 mutual funds have low correlation with VBIAX (below 0.3), 8 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.26, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.26 | -0.07 | 0.07 | 83 | Diversified Portfolio | VBIAX vs SIFAX | |
| Vanguard Energy Index Fund Admiral Shares | -0.15 | 0.14 | 0.27 | 71 | Energy Equities | VBIAX vs VENAX | |
| Fidelity Select Energy Portfolio | -0.11 | 0.17 | 0.29 | 87 | Energy Equities | VBIAX vs FSENX | |
| Vanguard Market Neutral Fund Institutional Shares | -0.05 | -0.05 | -0.08 | 97 | Long-Short | VBIAX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.03 | -0.04 | -0.07 | 97 | Long-Short | VBIAX vs VMNFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VBIAX, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.26, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.00 | 0.12 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.26 | 0.03 | 0.18 | 79 | Energy | |
| Occidental Petroleum Corporation | -0.25 | 0.04 | 0.17 | 68 | Energy | |
| Exxon Mobil Corporation | -0.25 | 0.01 | 0.16 | 85 | Energy | |
| ConocoPhillips Company | -0.23 | 0.01 | 0.14 | 73 | Energy |
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