Looking to diversify beyond VTABX? The mutual funds below have the lowest correlation with VTABX — 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 VTABX.
Best Diversifiers for VTABX
68 mutual funds have low correlation with VTABX (below 0.3), 1 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.36 | -0.14 | -0.14 | 76 | Energy Equities | VTABX vs FSENX | |
| Fidelity Floating Rate High Income Fund | 0.05 | 0.04 | 0.04 | 93 | Bank Loan | VTABX vs FFRHX | |
| AQR Long-Short Equity Fund Class N | 0.06 | -0.03 | -0.10 | 60 | Long-Short, Actively Managed | VTABX vs QLENX | |
| Fidelity Flex Conservative Income Bond Fund | 0.09 | 0.15 | 0.18 | 100 | Total Bond Market | VTABX vs FJTDX | |
| AQR Long-Short Equity Fund | 0.10 | -0.03 | -0.11 | 63 | Long-Short | VTABX vs QLEIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VTABX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VTABX and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.37, down from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.37 | -0.19 | -0.16 | 68 | Energy | |
| Devon Energy Corporation | -0.36 | -0.16 | -0.14 | 75 | Energy | |
| Occidental Petroleum Corporation | -0.34 | -0.15 | -0.14 | 68 | Energy | |
| Chevron Corporation | -0.32 | -0.12 | -0.14 | 73 | Energy | |
| Exxon Mobil Corporation | -0.29 | -0.13 | -0.14 | 77 | Energy |
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