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
47 mutual funds have low correlation with VITAX (below 0.3), 9 of which are negatively correlated. The least correlated is Invesco Energy Fund (FSTEX) (Energy Equities) with a 1Y correlation of -0.10, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Energy Fund | -0.10 | 0.08 | 0.20 | 70 | Energy Equities | VITAX vs FSTEX | |
| Vanguard Energy Index Fund Admiral Shares | -0.09 | 0.08 | 0.20 | 58 | Energy Equities | VITAX vs VENAX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.08 | 0.02 | 0.10 | 94 | Inflation-Protected Bonds | VITAX vs VTSPX | |
| Vanguard Energy Fund Investor Shares | -0.07 | 0.09 | 0.25 | 85 | Energy Equities | VITAX vs VGENX | |
| Vanguard Energy Fund Admiral Shares | -0.07 | 0.09 | 0.25 | 85 | Energy Equities | VITAX vs VGELX |
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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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.28, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.28 | -0.20 | -0.05 | 53 | Utilities | |
| Altria Group, Inc. | -0.25 | -0.12 | -0.01 | 69 | Consumer Defensive | |
| The Coca-Cola Company | -0.24 | -0.10 | 0.08 | 66 | Consumer Defensive | |
| Chubb Limited | -0.21 | -0.06 | 0.10 | 51 | Financial Services | |
| Verizon Communications Inc. | -0.21 | -0.09 | 0.01 | 59 | Communication Services |
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