Looking to diversify beyond VWENX? The mutual funds below have the lowest correlation with VWENX — 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 VWENX.
Best Diversifiers for VWENX
15 mutual funds have low correlation with VWENX (below 0.3), 1 of which are negatively correlated. The least correlated is T. Rowe Price Dynamic Credit Fund (RPIDX) (Nontraditional Bonds) with a 1Y correlation of -0.09, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | -0.09 | 0.03 | -0.02 | 76 | Nontraditional Bonds | VWENX vs RPIDX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.16 | 0.47 | 70 | Diversified Portfolio | VWENX vs MHELX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.10 | 0.21 | 0.25 | 84 | Inflation-Protected Bonds | VWENX vs VTAPX | |
| Vanguard Limited-Term Tax-Exempt Fund Investor Sha... | 0.16 | 0.17 | 0.15 | 75 | Municipal Bonds | VWENX vs VMLTX | |
| Vanguard Intermediate-Term Tax-Exempt Fund Investo... | 0.22 | 0.21 | 0.18 | 69 | Municipal Bonds | VWENX vs VWITX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VWENX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VWENX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.20, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | 0.02 | 0.15 | 72 | Energy | |
| Chevron Corporation | -0.18 | 0.04 | 0.17 | 70 | Energy | |
| Altria Group, Inc. | -0.18 | 0.02 | 0.14 | 72 | Consumer Defensive | |
| ConocoPhillips Company | -0.17 | 0.04 | 0.16 | 65 | Energy | |
| The Coca-Cola Company | -0.13 | 0.05 | 0.24 | 74 | Consumer Defensive |
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