Looking to diversify beyond VBTLX? The mutual funds below have historically moved differently from VBTLX, 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 VBTLX
52 mutual funds have low correlation with VBTLX (below 0.3), 8 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.33, down from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.33 | -0.11 | -0.11 | 87 | Energy Equities | VBTLX vs FSENX | |
| Vanguard Energy Index Fund Admiral Shares | -0.32 | -0.12 | -0.11 | 71 | Energy Equities | VBTLX vs VENAX | |
| Vanguard Commodity Strategy Fund Admiral Shares | -0.23 | -0.03 | 0.03 | 69 | Commodities | VBTLX vs VCMDX | |
| Vanguard Market Neutral Fund Institutional Shares | -0.19 | -0.15 | -0.19 | 97 | Long-Short | VBTLX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.19 | -0.15 | -0.19 | 97 | Long-Short | VBTLX 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 VBTLX, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.38, down from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.38 | -0.16 | -0.14 | 73 | Energy | |
| BP p.l.c. | -0.34 | -0.15 | -0.13 | 83 | Energy | |
| Occidental Petroleum Corporation | -0.33 | -0.13 | -0.11 | 68 | Energy | |
| Exxon Mobil Corporation | -0.33 | -0.11 | -0.12 | 85 | Energy | |
| Chevron Corporation | -0.32 | -0.12 | -0.12 | 79 | Energy |
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