Looking to diversify beyond VEXAX? The mutual funds below have the lowest correlation with VEXAX — 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 VEXAX.
Best Diversifiers for VEXAX
3 mutual funds have low correlation with VEXAX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Managed Futures Strategy Fund Class N (AQMNX) (Systematic Trend) with a 1Y correlation of 0.06, up from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy Fund Class N | 0.06 | -0.01 | -0.12 | 89 | Systematic Trend | VEXAX vs AQMNX | |
| Fidelity Short-Term Bond Fund | 0.16 | 0.10 | 0.08 | 62 | Total Bond Market | VEXAX vs FSHBX | |
| JPMorgan Income Fund | 0.24 | 0.26 | 0.30 | 80 | Multisector Bonds | VEXAX vs JMSIX | |
| AQR Diversifying Strategies Fund Class N | 0.32 | 0.26 | 0.06 | 92 | Tactical Allocation | VEXAX vs QDSNX | |
| State Street Emerging Markets Equity Index Fund | 0.40 | 0.44 | 0.51 | 92 | Emerging Markets Diversified | VEXAX vs SSKEX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VEXAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VEXAX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.13 | 0.02 | 0.16 | 66 | Consumer Defensive | |
| Kinross Gold Corporation | 0.29 | 0.27 | 0.30 | 79 | Basic Materials | |
| Glencore PLC ADR | 0.32 | 0.40 | 0.40 | 96 | Basic Materials | |
| TKO Group Holdings Inc. | 0.34 | — | — | 62 | Communication Services | |
| Apple Inc | 0.36 | 0.38 | 0.53 | 89 | Technology |
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Build a portfolio that complements VEXAX
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