Looking to diversify beyond VIGAX? The mutual funds below have historically moved differently from VIGAX, 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 VIGAX
57 mutual funds have low correlation with VIGAX (below 0.3), 5 of which are negatively correlated. The least correlated is Vanguard Energy Index Fund Admiral Shares (VENAX) (Energy Equities) with a 1Y correlation of -0.20, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy Index Fund Admiral Shares | -0.20 | 0.02 | 0.16 | 71 | Energy Equities | VIGAX vs VENAX | |
| Invesco Energy Fund | -0.19 | 0.02 | 0.17 | 74 | Energy Equities | VIGAX vs FSTEX | |
| Fidelity Select Energy Portfolio | -0.17 | 0.06 | 0.19 | 87 | Energy Equities | VIGAX vs FSENX | |
| Vanguard Energy Opportunities Fund Investor Shares | -0.14 | 0.06 | 0.23 | 91 | Energy Equities | VIGAX vs VGENX | |
| Vanguard Energy Opportunities Fund Admiral Shares | -0.14 | 0.06 | 0.23 | 91 | Energy Equities | VIGAX vs VGELX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VIGAX, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.39, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.39 | -0.21 | -0.03 | 52 | Utilities | |
| Altria Group, Inc. | -0.36 | -0.15 | -0.02 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.31 | -0.12 | 0.10 | 87 | Consumer Defensive | |
| Chubb Limited | -0.31 | -0.09 | 0.09 | 87 | Financial Services | |
| Chevron Corporation | -0.31 | -0.07 | 0.09 | 79 | Energy |
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