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
13 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 -0.25, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.25 | -0.06 | 0.09 | 67 | Diversified Portfolio | VWENX vs SIFAX | |
| Fidelity Select Energy Portfolio | -0.09 | 0.17 | 0.29 | 76 | Energy Equities | VWENX vs FSENX | |
| Vanguard Market Neutral Fund Investor Shares | 0.01 | -0.01 | -0.02 | 95 | Long-Short | VWENX vs VMNFX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.14 | 0.46 | 68 | Diversified Portfolio | VWENX vs MHELX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.11 | 0.21 | 0.25 | 88 | Inflation-Protected Bonds | VWENX vs VTAPX |
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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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.24, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.24 | 0.03 | 0.19 | 73 | Energy | |
| Altria Group, Inc. | -0.23 | 0.00 | 0.14 | 77 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.22 | 0.01 | 0.16 | 77 | Energy | |
| ConocoPhillips Company | -0.21 | 0.03 | 0.18 | 68 | Energy | |
| Occidental Petroleum Corporation | -0.21 | 0.04 | 0.17 | 68 | Energy |
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