Looking to diversify beyond VEIPX? The mutual funds below have historically moved differently from VEIPX, 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 VEIPX
13 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.06 | 0.11 | 0.15 | 91 | Inflation-Protected Bonds | VEIPX vs VTAPX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.15 | 0.28 | 0.31 | 90 | High Yield Bonds | VEIPX vs FFRAX | |
| Fidelity Floating Rate High Income Fund | 0.19 | 0.28 | 0.32 | 93 | Bank Loan | VEIPX vs FFRHX | |
| Lord Abbett Short Duration Income Fund | 0.19 | 0.17 | 0.12 | 70 | Short-Term Bond | VEIPX vs LALDX | |
| Franklin New York Tax Free Income Fund | 0.19 | 0.14 | 0.08 | 70 | Municipal Bonds | VEIPX vs FNYTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VEIPX, 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 Delek Group Ltd (DELKY) (Energy) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delek Group Ltd | 0.03 | 0.08 | 0.08 | 74 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.05 | 0.23 | 0.26 | 84 | Energy | |
| Occidental Petroleum Corporation | 0.06 | 0.28 | 0.38 | 68 | Energy | |
| Credo Technology Group Holding Ltd | 0.09 | 0.22 | 0.29 | 77 | Technology | |
| BP p.l.c. | 0.09 | 0.26 | 0.40 | 83 | Energy |
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