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), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.00, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.00 | 0.20 | 0.30 | 63 | Energy Equities | VEMAX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.02 | 0.07 | 0.10 | 91 | Inflation-Protected Bonds | VEMAX vs VTAPX | |
| Vanguard Energy Fund Admiral Shares | 0.05 | 0.27 | 0.38 | 79 | Energy Equities | VEMAX vs VGELX | |
| Vanguard Short-Term Treasury Fund Investor Shares | 0.09 | 0.05 | 0.02 | 52 | Government Bonds | VEMAX vs VFISX | |
| Vanguard Short-Term Treasury Fund Admiral Shares | 0.10 | 0.05 | 0.02 | 55 | Government Bonds | VEMAX vs VFIRX |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.32, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.32 | -0.09 | 0.02 | 51 | Industrials | |
| Chubb Limited | -0.26 | -0.06 | 0.08 | 83 | Financial Services | |
| Duke Energy Corporation | -0.24 | -0.06 | -0.00 | 63 | Utilities | |
| Altria Group, Inc. | -0.21 | -0.03 | 0.05 | 79 | Consumer Defensive | |
| The Southern Company | -0.20 | -0.03 | 0.02 | 55 | Utilities |
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Build a portfolio that complements VEMAX
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