Looking to diversify beyond VPMAX? The mutual funds below have the lowest correlation with VPMAX — 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 VPMAX.
Best Diversifiers for VPMAX
3 mutual funds have low correlation with VPMAX (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 0.04, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.08 | 0.13 | 89 | Inflation-Protected Bonds | VPMAX vs VTAPX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.23 | 0.13 | 0.12 | 65 | High Yield Muni | VPMAX vs NVHIX | |
| Fidelity Floating Rate High Income Fund | 0.29 | 0.31 | 0.32 | 92 | Bank Loan | VPMAX vs FFRHX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.16 | 0.12 | 72 | Large Cap Blend Equities | VPMAX vs SVPFX | |
| BlackRock Global Equity Market Neutral Fund | 0.31 | 0.20 | 0.13 | 95 | Equity Market Neutral | VPMAX vs BDMAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VPMAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VPMAX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | -0.01 | 0.10 | 70 | Consumer Defensive | |
| Duke Energy Corporation | -0.17 | -0.03 | 0.06 | 62 | Utilities | |
| Chubb Limited | -0.15 | 0.05 | 0.22 | 68 | Financial Services | |
| Exxon Mobil Corporation | -0.13 | 0.05 | 0.19 | 68 | Energy | |
| The Coca-Cola Company | -0.12 | 0.04 | 0.19 | 74 | Consumer Defensive |
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