Looking to diversify beyond VSMPX? The mutual funds below have the lowest correlation with VSMPX — 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 VSMPX.
Best Diversifiers for VSMPX
7 mutual funds have low correlation with VSMPX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.03, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.03 | 0.24 | 0.36 | 77 | Energy Equities | VSMPX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.02 | 0.09 | 0.15 | 94 | Inflation-Protected Bonds | VSMPX vs VTSPX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.01 | 0.10 | 0.15 | 94 | Inflation-Protected Bonds | VSMPX vs VTAPX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.26 | 0.15 | 0.12 | 71 | Large Cap Blend Equities | VSMPX vs SVPFX | |
| Vanguard Short-Term Investment-Grade Fund Institut... | 0.27 | 0.18 | 0.16 | 59 | Total Bond Market | VSMPX vs VFSIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VSMPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VSMPX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.04 | 0.14 | 73 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.16 | 0.07 | 0.20 | 86 | Energy | |
| Chevron Corporation | -0.12 | 0.09 | 0.23 | 84 | Energy | |
| ConocoPhillips Company | -0.11 | 0.09 | 0.22 | 78 | Energy | |
| Duke Energy Corporation | -0.11 | 0.00 | 0.11 | 57 | Utilities |
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Build a portfolio that complements VSMPX
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