Looking to diversify beyond VITAX? The mutual funds below have the lowest correlation with VITAX — 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 VITAX.
Best Diversifiers for VITAX
53 mutual funds have low correlation with VITAX (below 0.3), 4 of which are negatively correlated. The least correlated is Vanguard Energy Opportunities Fund Investor Shares (VGENX) (Energy Equities) with a 1Y correlation of -0.09, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy Opportunities Fund Investor Shares | -0.09 | 0.08 | 0.24 | 83 | Energy Equities | VITAX vs VGENX | |
| Vanguard Energy Fund Admiral Shares | -0.09 | 0.08 | 0.24 | 84 | Energy Equities | VITAX vs VGELX | |
| Fidelity Select Energy Portfolio | -0.05 | 0.12 | 0.22 | 70 | Energy Equities | VITAX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.01 | 0.03 | 0.10 | 90 | Inflation-Protected Bonds | VITAX vs VTSPX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.01 | 0.05 | 0.11 | 89 | Inflation-Protected Bonds | VITAX vs VTAPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VITAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VITAX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.37, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.37 | -0.18 | -0.03 | 78 | Consumer Defensive | |
| Chubb Limited | -0.36 | -0.13 | 0.09 | 83 | Financial Services | |
| Duke Energy Corporation | -0.33 | -0.21 | -0.07 | 65 | Utilities | |
| The Coca-Cola Company | -0.33 | -0.16 | 0.06 | 82 | Consumer Defensive | |
| Verizon Communications Inc. | -0.31 | -0.15 | -0.01 | 57 | Communication Services |
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