Looking to diversify beyond VFORX? The mutual funds below have the lowest correlation with VFORX — 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 VFORX.
Best Diversifiers for VFORX
3 mutual funds have low correlation with VFORX (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 -0.05, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.05 | 0.21 | 0.35 | 62 | Energy Equities | VFORX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.14 | 0.19 | 0.22 | 90 | Inflation-Protected Bonds | VFORX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.24 | 0.30 | 0.35 | 93 | Bank Loan | VFORX vs FFRHX | |
| Franklin Federal Limited-Term Tax-Free Income Fund | 0.31 | 0.23 | 0.20 | 82 | Municipal Bonds | VFORX vs FFTFX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.32 | 0.23 | 0.22 | 100 | Total Bond Market | VFORX vs VUSFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VFORX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VFORX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | 0.02 | 0.15 | 81 | Consumer Defensive | |
| Waste Management, Inc. | -0.19 | 0.08 | 0.24 | 53 | Industrials | |
| Exxon Mobil Corporation | -0.17 | 0.05 | 0.22 | 75 | Energy | |
| Chubb Limited | -0.16 | 0.08 | 0.27 | 86 | Financial Services | |
| Chevron Corporation | -0.16 | 0.08 | 0.24 | 70 | Energy |
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Build a portfolio that complements VFORX
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