Looking to diversify beyond VPMCX? The mutual funds below have the lowest correlation with VPMCX — 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 VPMCX.
Best Diversifiers for VPMCX
8 mutual funds have low correlation with VPMCX (below 0.3), 2 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 -0.02, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.02 | 0.08 | 0.12 | 94 | Inflation-Protected Bonds | VPMCX vs VTAPX | |
| Fidelity Select Energy Portfolio | -0.01 | 0.20 | 0.33 | 77 | Energy Equities | VPMCX vs FSENX | |
| Franklin New York Tax Free Income Fund | 0.16 | 0.15 | 0.12 | 69 | Municipal Bonds | VPMCX vs FNYTX | |
| Vanguard New York Long-Term Tax-Exempt Fund Invest... | 0.17 | 0.15 | 0.11 | 73 | Municipal Bonds | VPMCX vs VNYTX | |
| DWS Managed Municipal Bond Fund | 0.21 | 0.18 | 0.14 | 61 | Municipal Bonds | VPMCX vs SCMBX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VPMCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VPMCX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | 0.01 | 0.12 | 73 | Consumer Defensive | |
| Duke Energy Corporation | -0.14 | -0.02 | 0.07 | 57 | Utilities | |
| Exxon Mobil Corporation | -0.12 | 0.05 | 0.19 | 86 | Energy | |
| Chevron Corporation | -0.11 | 0.06 | 0.21 | 84 | Energy | |
| ConocoPhillips Company | -0.10 | 0.06 | 0.20 | 78 | Energy |
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