Looking to diversify beyond VGENX? The mutual funds below have the lowest correlation with VGENX — 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 VGENX.
Best Diversifiers for VGENX
16 mutual funds have low correlation with VGENX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Information Technology Index Fund Admiral Shares (VITAX) (Technology Equities) with a 1Y correlation of -0.07, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology Index Fund Admiral... | -0.07 | 0.09 | 0.25 | 79 | Technology Equities | VGENX vs VITAX | |
| T. Rowe Price Global Technology Fund | -0.07 | 0.09 | 0.19 | 91 | Technology Equities | VGENX vs PRGTX | |
| Vanguard Growth and Income Fund Admiral Shares | 0.01 | 0.23 | 0.41 | 65 | Large Cap Blend Equities | VGENX vs VGIAX | |
| Vanguard Wellington Fund Investor Shares | 0.04 | 0.28 | 0.42 | 75 | Diversified Portfolio | VGENX vs VWELX | |
| Vanguard 500 Index Fund Admiral Shares | 0.04 | 0.27 | 0.42 | 74 | S&P 500, Large Cap Blend Equities | VGENX vs VFIAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VGENX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VGENX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of 0.45, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | 0.45 | 0.44 | 0.41 | 52 | Utilities | |
| Exxon Mobil Corporation | 0.68 | 0.72 | 0.77 | 85 | Energy |
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