Looking to diversify beyond VTHRX? The mutual funds below have historically moved differently from VTHRX, 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 VTHRX
7 mutual funds have low correlation with VTHRX (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 -0.10, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.10 | 0.18 | 0.31 | 87 | Energy Equities | VTHRX vs FSENX | |
| Vanguard Market Neutral Fund Investor Shares | -0.01 | -0.05 | -0.07 | 97 | Long-Short | VTHRX vs VMNFX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.15 | 0.23 | 0.26 | 91 | Inflation-Protected Bonds | VTHRX vs VTAPX | |
| Vanguard Limited-Term Tax-Exempt Fund Investor Sha... | 0.23 | 0.20 | 0.19 | 72 | Municipal Bonds | VTHRX vs VMLTX | |
| Fidelity Floating Rate High Income Fund | 0.25 | 0.29 | 0.35 | 95 | Bank Loan | VTHRX vs FFRHX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VTHRX, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.24, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.24 | 0.02 | 0.13 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.23 | 0.03 | 0.18 | 84 | Energy | |
| ConocoPhillips Company | -0.22 | 0.00 | 0.16 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.22 | 0.05 | 0.19 | 70 | Energy | |
| Chubb Limited | -0.21 | 0.07 | 0.24 | 89 | Financial Services |
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