Looking to diversify beyond VIIIX? The mutual funds below have the lowest correlation with VIIIX — 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 VIIIX.
Best Diversifiers for VIIIX
6 mutual funds have low correlation with VIIIX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.04, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.04 | 0.21 | 0.34 | 51 | Energy Equities | VIIIX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.09 | 0.15 | 82 | Inflation-Protected Bonds | VIIIX vs VTAPX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.09 | 0.14 | 84 | Inflation-Protected Bonds | VIIIX vs VTSPX | |
| DFA One Year Fixed Income Portfolio | 0.14 | 0.04 | 0.04 | 99 | Ultrashort Bond | VIIIX vs DFIHX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.26 | 0.13 | 0.14 | 100 | Total Bond Market | VIIIX vs VUSFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VIIIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VIIIX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | -0.01 | 0.12 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.18 | 0.05 | 0.19 | 74 | Energy | |
| The Coca-Cola Company | -0.15 | 0.05 | 0.22 | 74 | Consumer Defensive | |
| Chevron Corporation | -0.14 | 0.08 | 0.21 | 70 | Energy | |
| Duke Energy Corporation | -0.14 | 0.00 | 0.12 | 64 | Utilities |
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Build a portfolio that complements VIIIX
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Analyze a portfolio with VIIIX