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
4 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 | 89 | Inflation-Protected Bonds | VEIRX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.19 | 0.29 | 0.32 | 92 | Bank Loan | VEIRX vs FFRHX | |
| ARK Venture Fund | 0.28 | 0.44 | — | 99 | Technology Equities | VEIRX vs ARKVX | |
| Vanguard Short-Term Investment-Grade Fund Institut... | 0.28 | 0.18 | 0.13 | 60 | Total Bond Market | VEIRX vs VFSIX | |
| AQR Long-Short Equity Fund | 0.30 | 0.35 | 0.41 | 53 | Long-Short | VEIRX vs QLEIX |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.08, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.08 | 0.27 | 0.37 | 70 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | 0.09 | 0.26 | 0.28 | 73 | Energy | |
| Exxon Mobil Corporation | 0.10 | 0.31 | 0.41 | 68 | Energy | |
| NVIDIA Corporation | 0.11 | 0.18 | 0.29 | 76 | Technology | |
| Walmart Inc. | 0.12 | 0.23 | 0.33 | 69 | Consumer Defensive |
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