Looking to diversify beyond VSPVX? The mutual funds below have historically moved differently from VSPVX, 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 VSPVX
2 mutual funds have low correlation with VSPVX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.29, down from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.29 | 0.58 | 0.70 | 58 | Quality Factor, Large Cap Value Equities | VSPVX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.29 | 0.58 | 0.69 | 94 | Large Cap Value Equities | VSPVX vs LEXCX | |
| Federated Hermes Equity Income Fund | 0.33 | 0.59 | 0.78 | 68 | Dividend, Large Cap Value Equities | VSPVX vs LEIFX | |
| AMG Yacktman Focused Fund | 0.36 | 0.62 | 0.75 | 91 | Large Cap Value Equities | VSPVX vs YAFFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.48 | 0.63 | 0.73 | 95 | Large Cap Value Equities | VSPVX vs SVAIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VSPVX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.37, down from 0.69 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.37 | 0.58 | 0.69 | 61 | Financial Services |
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