Looking to diversify beyond VEXAX? The mutual funds below have historically moved differently from VEXAX, 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 VEXAX
2 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 -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy Fund Class N | 0.06 | 0.01 | -0.14 | 86 | Systematic Trend | VEXAX vs AQMNX | |
| Fidelity Short-Term Bond Fund | 0.24 | 0.10 | 0.09 | 66 | Short-Term Bond, Investment Grade Bonds, Actively Managed | VEXAX vs FSHBX | |
| JPMorgan Income Fund Class I | 0.32 | 0.26 | 0.31 | 70 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | VEXAX vs JMSIX | |
| AQR Diversifying Strategies Fund Class N | 0.36 | 0.26 | 0.06 | 91 | Tactical Allocation | VEXAX vs QDSNX | |
| State Street Emerging Markets Equity Index Fund | 0.48 | 0.45 | 0.52 | 69 | Emerging Markets Equities | VEXAX vs SSKEX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VEXAX, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.23 | -0.01 | 0.13 | 86 | Consumer Defensive | |
| TKO Group Holdings Inc. | 0.28 | 0.34 | 0.34 | 56 | Communication Services | |
| Apple Inc | 0.33 | 0.33 | 0.46 | 90 | Technology | |
| Glencore PLC ADR | 0.37 | 0.39 | 0.39 | 95 | Basic Materials | |
| Kinross Gold Corporation | 0.39 | 0.28 | 0.31 | 66 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements VEXAX
Add VEXAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VEXAX