Looking to diversify beyond VENAX? The mutual funds below have historically moved differently from VENAX, 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 VENAX
35 mutual funds have low correlation with VENAX (below 0.3), 18 of which are negatively correlated. The least correlated is BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) (High Yield Bonds) with a 1Y correlation of -0.23, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock High Yield Bond Portfolio Institutional ... | -0.23 | 0.08 | 0.18 | 79 | High Yield Bonds | VENAX vs BHYIX | |
| Fidelity OTC Portfolio | -0.17 | 0.04 | 0.17 | 76 | Large Cap Growth Equities | VENAX vs FOCPX | |
| Fidelity Balanced Fund | -0.15 | 0.11 | 0.26 | 81 | Diversified Portfolio | VENAX vs FBALX | |
| Vanguard Balanced Index Fund Admiral Shares | -0.15 | 0.14 | 0.27 | 66 | Diversified Portfolio | VENAX vs VBIAX | |
| Vanguard Wellington Fund Investor Shares | -0.14 | 0.13 | 0.26 | 57 | Diversified Portfolio | VENAX vs VWELX |
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