Looking to diversify beyond VWNAX? The mutual funds below have the lowest correlation with VWNAX — 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 VWNAX.
Best Diversifiers for VWNAX
7 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.
| 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 | 85 | Long-Short | VWNAX vs VMNFX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.02 | 0.09 | 0.14 | 89 | Inflation-Protected Bonds | VWNAX vs VTSPX | |
| Vanguard Energy Fund Admiral Shares | 0.20 | 0.40 | 0.53 | 61 | Energy Equities | VWNAX vs VGELX | |
| Federated Hermes Equity Income Fund | 0.21 | 0.56 | 0.76 | 65 | Large Cap Value Equities | VWNAX vs LEIFX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.24 | 0.13 | 0.13 | 100 | Total Bond Market | VWNAX vs VUSFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VWNAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VWNAX and solid risk/return profiles. The least correlated is Eversource Energy (ES) (Utilities) with a 1Y correlation of 0.23, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eversource Energy | 0.23 | 0.26 | 0.29 | 62 | Utilities | |
| AstraZeneca PLC | 0.31 | 0.30 | 0.30 | 74 | Healthcare | |
| Tesla, Inc. | 0.32 | 0.38 | 0.42 | 59 | Consumer Cyclical | |
| Advanced Micro Devices, Inc. | 0.34 | 0.43 | 0.50 | 97 | Technology | |
| Apple Inc | 0.39 | 0.41 | 0.54 | 88 | Technology |
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