Looking to diversify beyond VTAPX? The mutual funds below have the lowest correlation with VTAPX — 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 VTAPX.
Best Diversifiers for VTAPX
115 mutual funds have low correlation with VTAPX (below 0.3), 12 of which are negatively correlated. The least correlated is AQR Long-Short Equity Fund (QLEIX) (Long-Short) with a 1Y correlation of -0.07, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Long-Short Equity Fund | -0.07 | -0.02 | 0.00 | 57 | Long-Short | VTAPX vs QLEIX | |
| Fidelity Floating Rate High Income Fund | -0.04 | 0.03 | 0.06 | 92 | Bank Loan | VTAPX vs FFRHX | |
| Fidelity Select Semiconductors Portfolio | -0.03 | 0.01 | 0.07 | 96 | Semiconductors, Technology Equities | VTAPX vs FSELX | |
| Fidelity Select Technology Portfolio | -0.03 | 0.02 | 0.09 | 89 | Technology Equities | VTAPX vs FSPTX | |
| Fidelity Growth Company K6 Fund | -0.02 | 0.04 | 0.11 | 81 | Large Cap Growth Equities | VTAPX vs FGKFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VTAPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VTAPX and solid risk/return profiles. The least correlated is Citigroup Inc. (C) (Financial Services) with a 1Y correlation of -0.13, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Citigroup Inc. | -0.13 | 0.00 | 0.05 | 94 | Financial Services | |
| Wells Fargo & Company | -0.12 | -0.04 | -0.02 | 53 | Financial Services | |
| General Motors Company | -0.12 | 0.03 | 0.06 | 87 | Consumer Cyclical | |
| Vertiv Holdings Co. | -0.10 | -0.06 | 0.04 | 93 | Industrials | |
| JPMorgan Chase & Co. | -0.10 | -0.02 | 0.02 | 68 | Financial Services |
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