Looking to diversify beyond VWNAX? The mutual funds below have historically moved differently from VWNAX, 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 VWNAX
10 mutual funds have low correlation with VWNAX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Investor Shares (VMNFX) (Long-Short) with a 1Y correlation of -0.09, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Investor Shares | -0.09 | -0.03 | -0.01 | 97 | Long-Short | VWNAX vs VMNFX | |
| Vanguard Commodity Strategy Fund Admiral Shares | 0.01 | 0.10 | 0.20 | 68 | Commodities | VWNAX vs VCMDX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.03 | 0.08 | 0.14 | 91 | Inflation-Protected Bonds | VWNAX vs VTSPX | |
| GQG Partners US Quality Dividend Income Fund | 0.12 | 0.49 | 0.62 | 62 | Quality Factor, Large Cap Value Equities | VWNAX vs GQHPX | |
| Vanguard Energy Fund Admiral Shares | 0.14 | 0.37 | 0.51 | 91 | Energy Equities | VWNAX vs VGELX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VWNAX, 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 Eversource Energy (ES) (Utilities) with a 1Y correlation of 0.20, roughly unchanged from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eversource Energy | 0.20 | 0.26 | 0.30 | 61 | Utilities | |
| NVIDIA Corporation | 0.23 | 0.36 | 0.52 | 56 | Technology | |
| Advanced Micro Devices, Inc. | 0.29 | 0.43 | 0.52 | 94 | Technology | |
| AstraZeneca PLC | 0.31 | 0.30 | 0.30 | 66 | Healthcare | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.39 | 0.47 | 0.54 | 87 | Technology |
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