Looking to diversify beyond VTMGX? The mutual funds below have the lowest correlation with VTMGX — 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 VTMGX.
Best Diversifiers for VTMGX
15 mutual funds have low correlation with VTMGX (below 0.3), 2 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund (QSPIX) (Multistrategy) with a 1Y correlation of -0.20, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund | -0.20 | -0.12 | -0.12 | 52 | Multistrategy | VTMGX vs QSPIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.03 | -0.06 | -0.02 | 63 | Long-Short | VTMGX vs VMNFX | |
| Fidelity Select Energy Portfolio | 0.01 | 0.26 | 0.38 | 78 | Energy Equities | VTMGX vs FSENX | |
| Vanguard Energy Index Fund Admiral Shares | 0.01 | 0.23 | 0.35 | 58 | Energy Equities | VTMGX vs VENAX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.04 | 0.06 | 0.03 | 100 | Multistrategy | VTMGX vs SRRIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VTMGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VTMGX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.12 | 0.20 | 67 | Consumer Defensive | |
| ConocoPhillips Company | -0.05 | 0.11 | 0.25 | 76 | Energy | |
| Exxon Mobil Corporation | -0.04 | 0.13 | 0.25 | 85 | Energy | |
| Chevron Corporation | -0.03 | 0.13 | 0.26 | 83 | Energy | |
| Energy Transfer LP | -0.02 | 0.24 | 0.34 | 73 | Energy |
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Build a portfolio that complements VTMGX
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