Looking to diversify beyond VWEHX? The mutual funds below have historically moved differently from VWEHX, 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 VWEHX
6 mutual funds have low correlation with VWEHX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.05, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.05 | 0.16 | 0.27 | 73 | High Yield Bonds | VWEHX vs FOCIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.07 | 0.06 | 0.10 | 100 | Bank Loan, High Yield Bonds | VWEHX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.11 | 0.10 | 0.06 | 100 | High Yield Bonds | VWEHX vs XILSX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.18 | 0.34 | 0.32 | 91 | Inflation-Protected Bonds | VWEHX vs VTAPX | |
| RiverPark Short Term High Yield Fund | 0.23 | 0.17 | 0.23 | 100 | High Yield Bonds | VWEHX vs RPHIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VWEHX, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.30, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.30 | -0.02 | 0.07 | 84 | Energy | |
| Johnson & Johnson | -0.01 | 0.05 | 0.11 | 97 | Healthcare | |
| International Seaways, Inc. | 0.06 | 0.07 | 0.06 | 99 | Energy | |
| Bristol-Myers Squibb Company | 0.18 | 0.14 | 0.14 | 92 | Healthcare | |
| M&T Bank Corporation | 0.29 | 0.26 | 0.28 | 82 | Financial Services |
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