Looking to diversify beyond VEIRX? The mutual funds below have the lowest correlation with VEIRX — 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 VEIRX.
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 0.07, 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... | 0.07 | 0.12 | 0.15 | 91 | Inflation-Protected Bonds | VEIRX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.16 | 0.28 | 0.32 | 92 | Bank Loan | VEIRX vs FFRHX | |
| Vanguard Intermediate-Term Tax-Exempt Fund Investo... | 0.21 | 0.13 | 0.07 | 71 | Municipal Bonds | VEIRX vs VWITX | |
| Baird Short-Term Bond Fund Institutional Class | 0.22 | 0.12 | 0.08 | 94 | Short-Term Bond | VEIRX vs BSBIX | |
| Fidelity Select Energy Portfolio | 0.25 | 0.46 | 0.54 | 63 | Energy Equities | VEIRX vs FSENX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VEIRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VEIRX and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of 0.08, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | 0.08 | 0.25 | 0.28 | 78 | Energy | |
| Altria Group, Inc. | 0.09 | 0.27 | 0.38 | 79 | Consumer Defensive | |
| Credo Technology Group Holding Ltd | 0.09 | 0.23 | 0.30 | 86 | Technology | |
| NVIDIA Corporation | 0.09 | 0.19 | 0.34 | 69 | Technology | |
| Coca-Cola Consolidated, Inc. | 0.10 | 0.22 | 0.29 | 83 | Consumer Defensive |
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