Looking to diversify beyond VTMGX? The mutual funds below have historically moved differently from VTMGX, 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 VTMGX
12 mutual funds have low correlation with VTMGX (below 0.3), 4 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund - Class I (QSPIX) (Multistrategy) with a 1Y correlation of -0.13, roughly unchanged from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund - Class I | -0.13 | -0.12 | -0.13 | 89 | Multistrategy | VTMGX vs QSPIX | |
| Vanguard Energy Index Fund Admiral Shares | -0.05 | 0.18 | 0.32 | 71 | Energy Equities | VTMGX vs VENAX | |
| Vanguard Market Neutral Fund Investor Shares | -0.02 | -0.05 | -0.03 | 97 | Long-Short | VTMGX vs VMNFX | |
| Fidelity Select Energy Portfolio | -0.02 | 0.22 | 0.35 | 87 | Energy Equities | VTMGX vs FSENX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.07 | 0.05 | 0.03 | 100 | Multistrategy | VTMGX vs SRRIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VTMGX, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.17, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.17 | 0.09 | 0.25 | 87 | Financial Services | |
| Altria Group, Inc. | -0.17 | 0.05 | 0.15 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.14 | 0.09 | 0.24 | 79 | Energy | |
| The Coca-Cola Company | -0.14 | 0.08 | 0.21 | 87 | Consumer Defensive | |
| ConocoPhillips Company | -0.13 | 0.05 | 0.22 | 73 | Energy |
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