Looking to diversify beyond VEMBX? The mutual funds below have the lowest correlation with VEMBX — 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 VEMBX.
Best Diversifiers for VEMBX
1 mutual funds have low correlation with VEMBX (below 0.3), 0 of which are negatively correlated. The least correlated is Payden Floating Rate Fund (PYFRX) (Bank Loan) with a 1Y correlation of 0.26, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Payden Floating Rate Fund | 0.26 | 0.23 | 0.35 | 98 | Bank Loan | VEMBX vs PYFRX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.30 | 0.30 | 0.35 | 63 | Emerging Markets Bonds | VEMBX vs EDF | |
| Vanguard Information Technology Index Fund Admiral... | 0.38 | 0.28 | 0.33 | 65 | Technology Equities | VEMBX vs VITAX | |
| Fidelity Emerging Markets | 0.44 | 0.34 | 0.38 | 81 | Emerging Markets Equities | VEMBX vs FEMKX | |
| Fidelity Capital & Income Fund | 0.45 | 0.47 | 0.54 | 91 | High Yield Bonds | VEMBX vs FAGIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VEMBX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VEMBX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.30, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.30 | -0.08 | -0.00 | 68 | Energy | |
| Walmart Inc. | -0.02 | 0.06 | 0.11 | 69 | Consumer Defensive | |
| The Coca-Cola Company | 0.02 | 0.11 | 0.15 | 74 | Consumer Defensive | |
| AbbVie Inc. | 0.10 | 0.12 | 0.11 | 71 | Healthcare | |
| Bancolombia S.A. | 0.21 | 0.21 | 0.26 | 91 | Financial Services |
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