Looking to diversify beyond VTABX? The mutual funds below have historically moved differently from VTABX, 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 VTABX
40 mutual funds have low correlation with VTABX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.36, down from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.36 | -0.16 | -0.14 | 88 | Energy Equities | VTABX vs FSENX | |
| Vanguard Commodity Strategy Fund Admiral Shares | -0.29 | -0.10 | -0.03 | 66 | Commodities | VTABX vs VCMDX | |
| Fidelity Floating Rate High Income Fund | 0.07 | 0.04 | 0.04 | 94 | Bank Loan | VTABX vs FFRHX | |
| AQR Long-Short Equity Fund | 0.10 | -0.04 | -0.11 | 80 | Long-Short | VTABX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | 0.11 | -0.04 | -0.11 | 78 | Long-Short, Actively Managed | VTABX vs QLENX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VTABX, 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 Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.41, down from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.41 | -0.19 | -0.15 | 76 | Energy | |
| ConocoPhillips Company | -0.40 | -0.22 | -0.17 | 71 | Energy | |
| Exxon Mobil Corporation | -0.38 | -0.17 | -0.15 | 85 | Energy | |
| Occidental Petroleum Corporation | -0.37 | -0.19 | -0.14 | 68 | Energy | |
| Chevron Corporation | -0.34 | -0.15 | -0.14 | 76 | Energy |
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