Looking to diversify beyond VWELX? The mutual funds below have historically moved differently from VWELX, 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 VWELX
44 mutual funds have low correlation with VWELX (below 0.3), 5 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.28, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.28 | -0.08 | 0.08 | 83 | Diversified Portfolio | VWELX vs SIFAX | |
| Vanguard Energy Index Fund Admiral Shares | -0.15 | 0.13 | 0.26 | 71 | Energy Equities | VWELX vs VENAX | |
| Fidelity Select Energy Portfolio | -0.11 | 0.16 | 0.28 | 87 | Energy Equities | VWELX vs FSENX | |
| Vanguard Energy Opportunities Fund Investor Shares | -0.01 | 0.24 | 0.40 | 91 | Energy Equities | VWELX vs VGENX | |
| Vanguard Energy Opportunities Fund Admiral Shares | -0.01 | 0.24 | 0.40 | 91 | Energy Equities | VWELX vs VGELX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VWELX, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.26, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.26 | 0.02 | 0.18 | 79 | Energy | |
| Altria Group, Inc. | -0.24 | -0.00 | 0.13 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.24 | 0.00 | 0.15 | 85 | Energy | |
| Occidental Petroleum Corporation | -0.23 | 0.03 | 0.16 | 68 | Energy | |
| ConocoPhillips Company | -0.22 | 0.02 | 0.17 | 73 | Energy |
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