Looking to diversify beyond VHYAX? The mutual funds below have the lowest correlation with VHYAX — 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 VHYAX.
Best Diversifiers for VHYAX
4 mutual funds have low correlation with VHYAX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.12 | 0.15 | 84 | Inflation-Protected Bonds | VHYAX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.21 | 0.30 | 0.33 | 92 | Bank Loan | VHYAX vs FFRHX | |
| Federated Hermes Equity Income Fund | 0.26 | 0.59 | 0.77 | 67 | Large Cap Value Equities | VHYAX vs LEIFX | |
| Vanguard Short-Term Investment-Grade Fund Admiral ... | 0.28 | 0.18 | 0.14 | 57 | Total Bond Market | VHYAX vs VFSUX | |
| ARK Venture Fund | 0.30 | 0.45 | — | 99 | Technology Equities | VHYAX vs ARKVX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VHYAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VHYAX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.07, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.07 | 0.27 | 0.37 | 72 | Consumer Defensive | |
| The Coca-Cola Company | 0.10 | 0.28 | 0.41 | 74 | Consumer Defensive | |
| Walmart Inc. | 0.12 | 0.26 | 0.35 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.13 | 0.32 | 0.42 | 72 | Energy | |
| Monster Beverage Corporation | 0.13 | 0.28 | 0.37 | 85 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements VHYAX
Add VHYAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VHYAX