Looking to diversify beyond VGHAX? The mutual funds below have historically moved differently from VGHAX, 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 VGHAX
0 mutual funds have low correlation with VGHAX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX) (Total Bond Market) with a 1Y correlation of 0.31, roughly unchanged from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Investment-Grade Fund Investor... | 0.31 | 0.24 | 0.23 | 71 | Total Bond Market | VGHAX vs VFSTX | |
| Vanguard Global Capital Cycles Fund | 0.31 | 0.40 | 0.48 | 95 | Global Equities | VGHAX vs VGPMX | |
| Vanguard FTSE All-World ex-US Index Fund Admiral S... | 0.33 | 0.47 | 0.53 | 74 | Foreign Large Cap Equities | VGHAX vs VFWAX | |
| Vanguard 500 Index Fund Admiral Shares | 0.33 | 0.49 | 0.60 | 63 | S&P 500, Large Cap Blend Equities | VGHAX vs VFIAX | |
| Fidelity Balanced Fund | 0.34 | 0.50 | 0.61 | 81 | Diversified Portfolio | VGHAX vs FBALX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VGHAX, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.11, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.11 | 0.04 | 0.15 | 80 | Energy |
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