Looking to diversify beyond VDADX? The mutual funds below have historically moved differently from VDADX, 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 VDADX
13 mutual funds have low correlation with VDADX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.01, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.01 | 0.09 | 0.15 | 91 | Inflation-Protected Bonds | VDADX vs VTAPX | |
| Fidelity Select Energy Portfolio | 0.04 | 0.26 | 0.34 | 87 | Energy Equities | VDADX vs FSENX | |
| Vanguard Energy Fund Admiral Shares | 0.17 | 0.36 | 0.46 | 91 | Energy Equities | VDADX vs VGELX | |
| Fidelity Floating Rate High Income Fund | 0.21 | 0.28 | 0.30 | 95 | Bank Loan | VDADX vs FFRHX | |
| Vanguard Short-Term Bond Index Fund Admiral Shares | 0.21 | 0.15 | 0.14 | 57 | Short-Term Bond, Investment Grade Bonds | VDADX vs VBIRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VDADX, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.12, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.12 | 0.11 | 0.21 | 70 | Energy | |
| Devon Energy Corporation | -0.07 | 0.15 | 0.25 | 76 | Energy | |
| Chevron Corporation | -0.07 | 0.17 | 0.27 | 80 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.06 | 0.13 | 0.14 | 85 | Energy | |
| ConocoPhillips Company | -0.05 | 0.13 | 0.22 | 72 | Energy |
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