Looking to diversify beyond VWIGX? The mutual funds below have historically moved differently from VWIGX, 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 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 -0.10, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.10 | 0.14 | 0.25 | 88 | Energy Equities | VWIGX vs FSENX | |
| Fidelity Floating Rate High Income Fund | 0.22 | 0.26 | 0.32 | 94 | Bank Loan | VWIGX vs FFRHX | |
| Federated Hermes International Strategic Value Div... | 0.29 | 0.39 | 0.50 | 87 | Foreign Large Cap Equities | VWIGX vs IVFIX | |
| Vanguard Health Care Fund Investor Shares | 0.36 | 0.47 | 0.55 | 69 | Health & Biotech Equities | VWIGX vs VGHCX | |
| AQR Long-Short Equity Fund Class N | 0.39 | 0.33 | 0.17 | 78 | Long-Short, Actively Managed | VWIGX vs QLENX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VWIGX, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.28, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.28 | -0.06 | 0.02 | 64 | Consumer Defensive | |
| ConocoPhillips Company | -0.25 | -0.02 | 0.10 | 71 | Energy | |
| Chubb Limited | -0.24 | -0.02 | 0.11 | 86 | Financial Services | |
| Devon Energy Corporation | -0.23 | 0.06 | 0.19 | 76 | Energy | |
| Occidental Petroleum Corporation | -0.23 | 0.04 | 0.16 | 68 | Energy |
To view more results, upgrade your current subscription plan.
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