Looking to diversify beyond VEIRX? The mutual funds below have historically moved differently from VEIRX, 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 VEIRX
10 mutual funds have low correlation with VEIRX (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 0.05, 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... | 0.05 | 0.10 | 0.15 | 91 | Inflation-Protected Bonds | VEIRX vs VTAPX | |
| Vanguard Commodity Strategy Fund Admiral Shares | 0.08 | 0.14 | 0.24 | 68 | Commodities | VEIRX vs VCMDX | |
| Fidelity Floating Rate High Income Fund | 0.18 | 0.28 | 0.32 | 95 | Bank Loan | VEIRX vs FFRHX | |
| Fidelity Select Energy Portfolio | 0.20 | 0.43 | 0.53 | 87 | Energy Equities | VEIRX vs FSENX | |
| ARK Venture Fund | 0.22 | 0.41 | — | 99 | Technology Equities | VEIRX vs ARKVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VEIRX, 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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of 0.05, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | 0.05 | 0.23 | 0.27 | 85 | Energy | |
| Occidental Petroleum Corporation | 0.06 | 0.28 | 0.38 | 70 | Energy | |
| BP p.l.c. | 0.09 | 0.24 | 0.37 | 84 | Energy | |
| Credo Technology Group Holding Ltd | 0.09 | 0.22 | 0.29 | 74 | Technology | |
| Altria Group, Inc. | 0.09 | 0.27 | 0.37 | 66 | Consumer Defensive |
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