Looking to diversify beyond VWENX? The mutual funds below have historically moved differently from VWENX, 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 VWENX
19 mutual funds have low correlation with VWENX (below 0.3), 2 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 -0.30, 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... | -0.30 | -0.09 | 0.08 | 77 | Diversified Portfolio | VWENX vs SIFAX | |
| Fidelity Select Energy Portfolio | -0.11 | 0.16 | 0.28 | 88 | Energy Equities | VWENX vs FSENX | |
| Vanguard Commodity Strategy Fund Admiral Shares | 0.00 | 0.10 | 0.18 | 66 | Commodities | VWENX vs VCMDX | |
| Vanguard Market Neutral Fund Investor Shares | 0.01 | 0.00 | -0.03 | 97 | Long-Short | VWENX vs VMNFX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.13 | 0.45 | 66 | Diversified Portfolio | VWENX vs MHELX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VWENX, 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 -0.27, 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 | -0.27 | 0.02 | 0.18 | 76 | Energy | |
| Altria Group, Inc. | -0.25 | -0.01 | 0.13 | 64 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.24 | 0.00 | 0.15 | 85 | Energy | |
| Occidental Petroleum Corporation | -0.23 | 0.03 | 0.16 | 68 | Energy | |
| Chubb Limited | -0.22 | 0.05 | 0.26 | 86 | Financial Services |
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