Looking to diversify beyond VWIGX? The mutual funds below have the lowest correlation with VWIGX — 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 VWIGX.
Best Diversifiers for VWIGX
3 mutual funds have low correlation with VWIGX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.07, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.07 | 0.17 | 0.27 | 77 | Energy Equities | VWIGX vs FSENX | |
| Fidelity Floating Rate High Income Fund | 0.23 | 0.27 | 0.32 | 91 | Bank Loan | VWIGX vs FFRHX | |
| Emerald Insights Fund | 0.24 | 0.63 | 0.73 | 98 | Large Cap Growth Equities | VWIGX vs EFCNX | |
| AQR Long-Short Equity Fund | 0.35 | 0.30 | 0.16 | 51 | Long-Short | VWIGX vs QLEIX | |
| Fidelity Select Biotechnology Portfolio | 0.43 | 0.49 | 0.57 | 67 | Health & Biotech Equities | VWIGX vs FBIOX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VWIGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VWIGX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.02 | 0.05 | 73 | Consumer Defensive | |
| ConocoPhillips Company | -0.19 | 0.03 | 0.13 | 78 | Energy | |
| Duke Energy Corporation | -0.18 | -0.06 | 0.01 | 57 | Utilities | |
| Exxon Mobil Corporation | -0.18 | 0.03 | 0.14 | 86 | Energy | |
| Chevron Corporation | -0.15 | 0.03 | 0.14 | 84 | Energy |
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Build a portfolio that complements VWIGX
Add VWIGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VWIGX