Looking to diversify beyond VEMAX? The mutual funds below have historically moved differently from VEMAX, 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 VEMAX
13 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 -0.03, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.03 | 0.18 | 0.29 | 82 | Energy Equities | VEMAX vs FSENX | |
| Vanguard Energy Fund Admiral Shares | 0.02 | 0.24 | 0.37 | 88 | Energy Equities | VEMAX vs VGELX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.05 | 0.06 | 0.10 | 88 | Inflation-Protected Bonds | VEMAX vs VTAPX | |
| PIMCO Commodity Real Return Strategy Fund | 0.08 | 0.24 | 0.25 | 64 | Commodities | VEMAX vs PCRIX | |
| Vanguard Short-Term Treasury Fund Investor Shares | 0.11 | 0.03 | 0.03 | 55 | Government Bonds | VEMAX vs VFISX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VEMAX, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.27, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.27 | -0.07 | 0.07 | 89 | Financial Services | |
| Altria Group, Inc. | -0.25 | -0.05 | 0.04 | 67 | Consumer Defensive | |
| Duke Energy Corporation | -0.25 | -0.07 | -0.01 | 60 | Utilities | |
| The Coca-Cola Company | -0.18 | -0.00 | 0.08 | 90 | Consumer Defensive | |
| Walmart Inc. | -0.15 | 0.01 | 0.07 | 63 | Consumer Defensive |
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