Looking to balance out your exposure to VALE? The ETFs below have the lowest correlation with VALE — they tend to move on their own, which can help reduce risk when VALE drops. The stock ideas table highlights individual companies that behave independently from VALE.
Best Diversifiers for VALE
4 ETFs have low correlation with VALE (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.03, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.03 | 0.18 | 0.33 | 59 | Energy Equities | VALE vs XLE | |
| VanEck Energy Income ETF | 0.04 | 0.20 | 0.34 | 82 | Energy Equities | VALE vs EINC | |
| WisdomTree US High Dividend Fund | 0.27 | 0.35 | 0.38 | 87 | Large Cap Value Equities, Dividend | VALE vs DHS | |
| Schwab U.S. Dividend Equity ETF | 0.28 | 0.35 | 0.35 | 91 | Dividend | VALE vs SCHD | |
| SPDR S&P Dividend ETF | 0.31 | 0.36 | 0.36 | 52 | Mid Cap Value Equities, Dividend | VALE vs SDY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VALE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VALE and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.02 | 0.10 | 80 | Consumer Defensive | |
| Cheniere Energy, Inc. | -0.11 | 0.07 | 0.20 | 57 | Energy | |
| Virtu Financial, Inc. | -0.08 | 0.06 | 0.12 | 70 | Financial Services | |
| Equinor ASA | -0.07 | 0.18 | 0.26 | 77 | Energy | |
| CF Industries Holdings, Inc. | -0.06 | 0.12 | 0.21 | 67 | Basic Materials |
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Build a portfolio that complements VALE
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