Looking to diversify beyond VWELX? The mutual funds below have the lowest correlation with VWELX — 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 VWELX.
Best Diversifiers for VWELX
41 mutual funds have low correlation with VWELX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.00, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.00 | -0.02 | -0.03 | 88 | Long-Short | VWELX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.01 | -0.01 | -0.02 | 88 | Long-Short | VWELX vs VMNFX | |
| Vanguard Energy Fund Admiral Shares | 0.03 | 0.27 | 0.41 | 62 | Energy Equities | VWELX vs VGELX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.03 | 0.27 | 0.42 | 61 | Energy Equities | VWELX vs VGENX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.16 | 0.46 | 70 | Diversified Portfolio | VWELX vs MHELX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VWELX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VWELX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.21, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.21 | 0.02 | 0.17 | 72 | Energy | |
| Altria Group, Inc. | -0.21 | 0.02 | 0.15 | 72 | Consumer Defensive | |
| Chevron Corporation | -0.18 | 0.04 | 0.17 | 70 | Energy | |
| ConocoPhillips Company | -0.17 | 0.04 | 0.16 | 65 | Energy | |
| Duke Energy Corporation | -0.14 | 0.04 | 0.20 | 62 | Utilities |
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