Looking to diversify beyond VIHAX? The mutual funds below have the lowest correlation with VIHAX — 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 VIHAX.
Best Diversifiers for VIHAX
5 mutual funds have low correlation with VIHAX (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 0.07, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.07 | 0.19 | 0.20 | 94 | Inflation-Protected Bonds | VIHAX vs VTAPX | |
| Federated Hermes Equity Income Fund | 0.13 | 0.44 | 0.62 | 53 | Large Cap Value Equities | VIHAX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.20 | 0.43 | 0.56 | 53 | Large Cap Value Equities | VIHAX vs LEXCX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.25 | 0.17 | 0.12 | 75 | Municipal Bonds | VIHAX vs VWAHX | |
| Vanguard Energy Fund Investor Shares | 0.29 | 0.50 | 0.63 | 85 | Energy Equities | VIHAX vs VGENX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VIHAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VIHAX and solid risk/return profiles. The least correlated is International Business Machines Corporation (IBM) (Technology) with a 1Y correlation of 0.24, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| International Business Machines Corporation | 0.24 | 0.30 | 0.38 | 53 | Technology | |
| Amazon.com, Inc | 0.33 | 0.33 | 0.39 | 60 | Consumer Cyclical |
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