Looking to balance out your exposure to VATE? The ETFs below have the lowest correlation with VATE — they tend to move on their own, which can help reduce risk when VATE drops. The stock ideas table highlights individual companies that behave independently from VATE.
No Diversifiers Found for VATE
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VATE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VATE and solid risk/return profiles. The least correlated is Powell Industries, Inc. (POWL) (Industrials) with a 1Y correlation of 0.09, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Powell Industries, Inc. | 0.09 | 0.11 | 0.15 | 98 | Industrials | |
| Rio Tinto Group | 0.16 | 0.14 | 0.17 | 94 | Basic Materials |
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