Looking to diversify beyond VHGEX? The mutual funds below have historically moved differently from VHGEX, 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 VHGEX
4 mutual funds have low correlation with VHGEX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.04, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.04 | 0.42 | 0.56 | 68 | Quality Factor, Global Equities | VHGEX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.17 | 0.36 | 0.52 | 74 | Infrastructure Equities, Global Equities | VHGEX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.25 | 0.44 | 0.59 | 58 | Infrastructure Equities, Global Equities | VHGEX vs FGIAX | |
| DoubleLine Low Duration Bond Fund | 0.28 | 0.15 | 0.15 | 96 | Short-Term Bond | VHGEX vs DBLSX | |
| Vanguard Short-Term Investment-Grade Fund Investor... | 0.35 | 0.20 | 0.20 | 51 | Total Bond Market | VHGEX vs VFSTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VHGEX, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.38, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.38 | 0.39 | 0.51 | 90 | Technology |
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