Looking to diversify beyond VGPMX? The mutual funds below have historically moved differently from VGPMX, 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 VGPMX
13 mutual funds have low correlation with VGPMX (below 0.3), 1 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund Class N (QSPNX) (Multistrategy) with a 1Y correlation of -0.11, roughly unchanged from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund Class N | -0.11 | -0.13 | -0.09 | 86 | Multistrategy | VGPMX vs QSPNX | |
| Vanguard Energy Index Fund Admiral Shares | 0.09 | 0.31 | 0.46 | 71 | Energy Equities | VGPMX vs VENAX | |
| Fidelity Select Energy Portfolio | 0.13 | 0.34 | 0.48 | 88 | Energy Equities | VGPMX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.14 | 0.18 | 0.23 | 87 | Inflation-Protected Bonds | VGPMX vs VTAPX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.21 | 0.40 | 0.54 | 94 | Dividend | VGPMX vs SVAAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VGPMX, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | 0.06 | 0.17 | 64 | Consumer Defensive | |
| Chubb Limited | -0.13 | 0.06 | 0.22 | 86 | Financial Services | |
| The Coca-Cola Company | -0.09 | 0.07 | 0.21 | 86 | Consumer Defensive | |
| Walmart Inc. | -0.03 | 0.08 | 0.16 | 58 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.03 | 0.23 | 0.38 | 88 | Energy |
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