Looking to diversify beyond VGENX? The mutual funds below have historically moved differently from VGENX, 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 VGENX
10 mutual funds have low correlation with VGENX (below 0.3), 3 of which are negatively correlated. The least correlated is Vanguard Balanced Index Fund Admiral Shares (VBIAX) (Diversified Portfolio) with a 1Y correlation of -0.02, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Balanced Index Fund Admiral Shares | -0.02 | 0.25 | 0.39 | 59 | Diversified Portfolio | VGENX vs VBIAX | |
| Vanguard 500 Index Fund Admiral Shares | -0.01 | 0.23 | 0.39 | 59 | S&P 500, Large Cap Blend Equities | VGENX vs VFIAX | |
| Vanguard Wellington Fund Investor Shares | -0.01 | 0.24 | 0.40 | 50 | Diversified Portfolio | VGENX vs VWELX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.00 | 0.25 | 0.40 | 59 | Large Cap Blend Equities | VGENX vs VTSAX | |
| Vanguard Target Retirement 2050 Fund | 0.05 | 0.30 | 0.46 | 68 | Target Retirement Date, Diversified Portfolio | VGENX vs VFIFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VGENX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.06, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.06 | 0.29 | 0.44 | 61 | Financial Services | |
| State Street Corporation | 0.10 | 0.29 | 0.44 | 96 | Financial Services | |
| Duke Energy Corporation | 0.46 | 0.43 | 0.41 | 52 | Utilities | |
| Exxon Mobil Corporation | 0.71 | 0.73 | 0.77 | 85 | Energy |
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