Looking to balance out your exposure to VEEV? The ETFs below have the lowest correlation with VEEV — they tend to move on their own, which can help reduce risk when VEEV drops. The stock ideas table highlights individual companies that behave independently from VEEV.
Best Diversifiers for VEEV
13 ETFs have low correlation with VEEV (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.05, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.05 | 0.27 | 0.43 | 96 | Semiconductors, Technology Equities | VEEV vs SOXX | |
| Invesco International BuyBack Achievers™ ETF | 0.09 | 0.24 | 0.33 | 57 | Global Equities | VEEV vs IPKW | |
| Vanguard International High Dividend Yield ETF | 0.12 | 0.27 | 0.33 | 70 | Dividend, Foreign Large Cap Equities | VEEV vs VYMI | |
| Invesco S&P 500 Momentum ETF | 0.13 | 0.31 | 0.40 | 75 | Momentum, S&P 500 | VEEV vs SPMO | |
| Invesco NASDAQ 100 ETF | 0.24 | 0.38 | 0.54 | 75 | Nasdaq-100 | VEEV vs QQQM |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VEEV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VEEV and solid risk/return profiles. The least correlated is Corning Incorporated (GLW) (Technology) with a 1Y correlation of -0.16, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corning Incorporated | -0.16 | 0.13 | 0.26 | 98 | Technology | |
| Millicom International Cellular S.A. | -0.14 | 0.05 | 0.16 | 98 | Communication Services | |
| Walmart Inc. | -0.09 | 0.07 | 0.13 | 66 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.07 | 0.06 | 0.14 | 81 | Consumer Defensive | |
| GE Vernova Inc. | -0.07 | — | — | 88 | Utilities |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements VEEV
Add VEEV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VEEV