Looking to diversify beyond VTTHX? The mutual funds below have historically moved differently from VTTHX, 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 VTTHX
6 mutual funds have low correlation with VTTHX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.09, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.09 | 0.19 | 0.33 | 87 | Energy Equities | VTTHX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.14 | 0.20 | 0.24 | 91 | Inflation-Protected Bonds | VTTHX vs VTAPX | |
| Vanguard Limited-Term Tax-Exempt Fund Investor Sha... | 0.22 | 0.18 | 0.17 | 72 | Municipal Bonds | VTTHX vs VMLTX | |
| Fidelity Floating Rate High Income Fund | 0.25 | 0.30 | 0.35 | 95 | Bank Loan | VTTHX vs FFRHX | |
| Vanguard Intermediate-Term Tax-Exempt Fund Investo... | 0.28 | 0.22 | 0.20 | 66 | Municipal Bonds | VTTHX vs VWITX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VTTHX, 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 -0.27, 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. | -0.27 | 0.00 | 0.13 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.23 | 0.05 | 0.21 | 80 | Energy | |
| Chubb Limited | -0.22 | 0.06 | 0.25 | 89 | Financial Services | |
| Exxon Mobil Corporation | -0.22 | 0.03 | 0.19 | 84 | Energy | |
| ConocoPhillips Company | -0.21 | 0.02 | 0.17 | 72 | Energy |
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