Looking to diversify beyond VSMAX? The mutual funds below have historically moved differently from VSMAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for VSMAX
12 mutual funds have low correlation with VSMAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of 0.04, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | 0.04 | 0.32 | 0.43 | 87 | Energy Equities | VSMAX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.10 | 0.12 | 0.16 | 91 | Inflation-Protected Bonds | VSMAX vs VTAPX | |
| Nationwide Amundi Strategic Income Fund | 0.15 | 0.07 | -0.01 | 99 | Multisector Bonds | VSMAX vs NWXHX | |
| Fidelity Floating Rate High Income Fund | 0.17 | 0.26 | 0.32 | 95 | Bank Loan | VSMAX vs FFRHX | |
| Vanguard Intermediate-Term Tax-Exempt Fund Investo... | 0.22 | 0.15 | 0.11 | 66 | Municipal Bonds | VSMAX vs VWITX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VSMAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | 0.04 | 0.15 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.15 | 0.06 | 0.19 | 90 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.13 | 0.14 | 0.26 | 84 | Energy | |
| Chevron Corporation | -0.13 | 0.15 | 0.27 | 80 | Energy | |
| Chubb Limited | -0.11 | 0.11 | 0.26 | 89 | Financial Services |
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