Looking to diversify beyond VIGAX? The mutual funds below have the lowest correlation with VIGAX — 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 VIGAX.
Best Diversifiers for VIGAX
49 mutual funds have low correlation with VIGAX (below 0.3), 9 of which are negatively correlated. The least correlated is Invesco Energy Fund (FSTEX) (Energy Equities) with a 1Y correlation of -0.17, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Energy Fund | -0.17 | 0.05 | 0.18 | 71 | Energy Equities | VIGAX vs FSTEX | |
| Vanguard Energy Index Fund Admiral Shares | -0.16 | 0.05 | 0.18 | 58 | Energy Equities | VIGAX vs VENAX | |
| Fidelity Select Energy Portfolio | -0.14 | 0.08 | 0.20 | 78 | Energy Equities | VIGAX vs FSENX | |
| Vanguard Energy Fund Admiral Shares | -0.11 | 0.09 | 0.25 | 85 | Energy Equities | VIGAX vs VGELX | |
| Vanguard Energy Fund Investor Shares | -0.10 | 0.09 | 0.25 | 84 | Energy Equities | VIGAX vs VGENX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VIGAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VIGAX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.26 | -0.09 | 0.08 | 85 | Energy | |
| Duke Energy Corporation | -0.26 | -0.15 | -0.01 | 52 | Utilities | |
| Altria Group, Inc. | -0.24 | -0.08 | 0.01 | 67 | Consumer Defensive | |
| Chevron Corporation | -0.24 | -0.04 | 0.11 | 83 | Energy | |
| ConocoPhillips Company | -0.22 | -0.04 | 0.08 | 76 | Energy |
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Build a portfolio that complements VIGAX
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