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
116 mutual funds have low correlation with VTAPX (below 0.3), 4 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | -0.08 | 0.02 | 0.06 | 93 | Bank Loan | VTAPX vs FFRHX | |
| AQR Long-Short Equity Fund | -0.06 | -0.01 | 0.01 | 61 | Long-Short | VTAPX vs QLEIX | |
| Fidelity Select Technology Portfolio | -0.00 | 0.03 | 0.09 | 83 | Technology Equities | VTAPX vs FSPTX | |
| Fidelity OTC Portfolio | -0.00 | 0.05 | 0.11 | 88 | Large Cap Growth Equities | VTAPX vs FOCPX | |
| Fidelity Growth Company Fund | 0.00 | 0.05 | 0.11 | 71 | Large Cap Growth Equities | VTAPX vs FDGRX |
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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 JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of -0.12, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | -0.12 | -0.02 | 0.02 | 69 | Financial Services | |
| Wells Fargo & Company | -0.12 | -0.03 | -0.02 | 53 | Financial Services | |
| Citigroup Inc. | -0.11 | 0.01 | 0.05 | 92 | Financial Services | |
| Bank of America Corporation | -0.10 | 0.03 | 0.04 | 79 | Financial Services | |
| Apple Inc | -0.10 | 0.06 | 0.09 | 91 | Technology |
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