Looking to diversify beyond VEGBX? The mutual funds below have historically moved differently from VEGBX, 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 VEGBX
2 mutual funds have low correlation with VEGBX (below 0.3), 2 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLIX) (Commodities) with a 1Y correlation of -0.41, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.41 | -0.13 | -0.00 | 70 | Commodities | VEGBX vs PCLIX | |
| Vanguard Energy Opportunities Fund Admiral Shares | -0.16 | 0.11 | 0.18 | 91 | Energy Equities | VEGBX vs VGELX | |
| Vanguard Value Index Fund Admiral Shares | 0.40 | 0.33 | 0.34 | 94 | Large Cap Value Equities | VEGBX vs VVIAX | |
| Vanguard Small-Cap Value Index Fund Admiral Shares | 0.45 | 0.38 | 0.36 | 76 | Small Cap Value Equities | VEGBX vs VSIAX | |
| Vanguard Global Capital Cycles Fund | 0.48 | 0.39 | 0.39 | 95 | Global Equities | VEGBX vs VGPMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VEGBX, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.11, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.11 | 0.24 | 0.26 | 74 | Real Estate | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.32 | 0.40 | 0.40 | 66 | Financial Services |
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