Looking to diversify beyond VTAPX? The mutual funds below have historically moved differently from VTAPX, 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 VTAPX
120 mutual funds have low correlation with VTAPX (below 0.3), 3 of which are negatively correlated. The least correlated is AQR Long-Short Equity Fund (QLEIX) (Long-Short) with a 1Y correlation of -0.08, roughly unchanged from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Long-Short Equity Fund | -0.08 | -0.01 | 0.00 | 77 | Long-Short | VTAPX vs QLEIX | |
| Fidelity Floating Rate High Income Fund | -0.06 | 0.02 | 0.06 | 93 | Bank Loan | VTAPX vs FFRHX | |
| American Beacon Frontier Markets Income Fund | -0.00 | 0.11 | 0.12 | 98 | Emerging Markets Bonds | VTAPX vs AGEPX | |
| Fidelity Select Technology Portfolio | 0.01 | 0.01 | 0.09 | 65 | Technology Equities | VTAPX vs FSPTX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.01 | 0.09 | 0.15 | 75 | Large Cap Blend Equities, Dividend | VTAPX vs PRDGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VTAPX, 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 Wells Fargo & Company (WFC) (Financial Services) with a 1Y correlation of -0.14, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Wells Fargo & Company | -0.14 | -0.05 | -0.02 | 60 | Financial Services | |
| JPMorgan Chase & Co. | -0.13 | -0.04 | 0.01 | 73 | Financial Services | |
| Nu Holdings Ltd. | -0.12 | 0.02 | 0.07 | 59 | Financial Services | |
| Bank of America Corporation | -0.11 | 0.01 | 0.03 | 85 | Financial Services | |
| The Charles Schwab Corporation | -0.10 | -0.01 | -0.01 | 58 | Financial Services |
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