Looking to diversify beyond VEIPX? The mutual funds below have the lowest correlation with VEIPX — 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 VEIPX.
Best Diversifiers for VEIPX
15 mutual funds have low correlation with VEIPX (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 0.06, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.06 | 0.12 | 0.15 | 90 | Inflation-Protected Bonds | VEIPX vs VTAPX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.16 | 0.29 | 0.32 | 90 | High Yield Bonds | VEIPX vs FFRAX | |
| Fidelity Floating Rate High Income Fund | 0.16 | 0.28 | 0.32 | 93 | Bank Loan | VEIPX vs FFRHX | |
| T. Rowe Price Maryland Tax Free Bond Fund | 0.16 | 0.14 | 0.08 | 93 | Municipal Bonds | VEIPX vs MDXBX | |
| Franklin New York Tax Free Income Fund | 0.17 | 0.14 | 0.08 | 78 | Municipal Bonds | VEIPX vs FNYTX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VEIPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VEIPX and solid risk/return profiles. The least correlated is Delek Group Ltd (DELKY) (Energy) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delek Group Ltd | 0.03 | 0.09 | 0.08 | 70 | Energy | |
| Altria Group, Inc. | 0.09 | 0.27 | 0.38 | 81 | Consumer Defensive | |
| NVIDIA Corporation | 0.09 | 0.19 | 0.34 | 65 | Technology | |
| Credo Technology Group Holding Ltd | 0.09 | 0.23 | 0.30 | 83 | Technology | |
| Coca-Cola Consolidated, Inc. | 0.10 | 0.22 | 0.29 | 83 | Consumer Defensive |
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