Looking to diversify beyond VEMAX? The mutual funds below have the lowest correlation with VEMAX — 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 VEMAX.
Best Diversifiers for VEMAX
11 mutual funds have low correlation with VEMAX (below 0.3), 2 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 -0.04, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.04 | 0.06 | 0.10 | 94 | Inflation-Protected Bonds | VEMAX vs VTAPX | |
| Fidelity Select Energy Portfolio | -0.01 | 0.21 | 0.31 | 79 | Energy Equities | VEMAX vs FSENX | |
| Vanguard Energy Fund Admiral Shares | 0.05 | 0.28 | 0.39 | 85 | Energy Equities | VEMAX vs VGELX | |
| Vanguard Commodity Strategy Fund Admiral Shares | 0.09 | 0.28 | 0.29 | 70 | Commodities | VEMAX vs VCMDX | |
| Fidelity Short-Term Bond Fund | 0.11 | 0.05 | 0.04 | 62 | Total Bond Market | VEMAX vs FSHBX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VEMAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VEMAX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.22, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.22 | -0.02 | 0.02 | 53 | Utilities | |
| Chubb Limited | -0.22 | -0.04 | 0.10 | 51 | Financial Services | |
| Altria Group, Inc. | -0.19 | -0.01 | 0.07 | 69 | Consumer Defensive | |
| Walmart Inc. | -0.14 | 0.04 | 0.09 | 63 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.10 | 0.09 | 0.19 | 85 | Energy |
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