Looking to diversify beyond VIMAX? The mutual funds below have the lowest correlation with VIMAX — 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 VIMAX.
Best Diversifiers for VIMAX
14 mutual funds have low correlation with VIMAX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.17, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.17 | -0.09 | -0.09 | 63 | Long-Short | VIMAX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.15 | -0.10 | -0.08 | 62 | Long-Short | VIMAX vs VMNFX | |
| Vanguard Commodity Strategy Fund Admiral Shares | 0.01 | 0.14 | 0.21 | 70 | Commodities | VIMAX vs VCMDX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.12 | 0.17 | 94 | Inflation-Protected Bonds | VIMAX vs VTAPX | |
| AQR Managed Futures Strategy Fund Class N | 0.08 | -0.00 | -0.12 | 89 | Systematic Trend | VIMAX vs AQMNX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VIMAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VIMAX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | 0.15 | 0.21 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.01 | 0.21 | 0.29 | 85 | Energy | |
| BP p.l.c. | 0.01 | 0.21 | 0.30 | 87 | Energy | |
| The Coca-Cola Company | 0.02 | 0.16 | 0.27 | 66 | Consumer Defensive | |
| Chevron Corporation | 0.03 | 0.22 | 0.32 | 83 | Energy |
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