Looking to diversify beyond VAE.AX? The ETFs below have the lowest correlation with VAE.AX — 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 VAE.AX.
Best Diversifiers for VAE.AX
1 ETFs have low correlation with VAE.AX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Global Value Equity Active ETF (VVLU.AX) (Global Equities) with a 1Y correlation of 0.18, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Global Value Equity Active ETF | 0.18 | 0.24 | 0.32 | 60 | Global Equities | VAE.AX vs VVLU.AX | |
| Vanguard Australian Shares High Yield ETF | 0.35 | 0.31 | 0.34 | 58 | Dividend | VAE.AX vs VHY.AX | |
| Vanguard MSCI Index International Shares (Hedged) ... | 0.59 | 0.45 | 0.45 | 65 | Global Equities | VAE.AX vs VGAD.AX | |
| Vanguard All-World ex-US Shares Index ETF | 0.73 | 0.64 | 0.68 | 51 | Global Equities | VAE.AX vs VEU.AX |
Diversification Analysis
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