Looking to diversify beyond VEGN? The ETFs below have historically moved differently from VEGN, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for VEGN
397 ETFs have low correlation with VEGN (below 0.3), 88 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, roughly unchanged from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.36 | — | 51 | Cryptocurrency | VEGN vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | — | — | 69 | Derivative Income | VEGN vs WNTR | |
| Invesco DB Energy Fund | -0.19 | -0.08 | 0.05 | 66 | Oil & Gas | VEGN vs DBE | |
| YieldMax XOM Option Income Strategy ETF | -0.18 | -0.01 | -0.01 | 52 | Derivative Income, Dividend | VEGN vs XOMO | |
| iShares Core High Dividend ETF | -0.16 | 0.16 | 0.37 | 91 | Dividend, Large Cap Value Equities | VEGN vs HDV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VEGN, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Rivian Automotive, Inc. (RIVN) (Consumer Cyclical) with a 1Y correlation of 0.44, roughly unchanged from 0.42 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rivian Automotive, Inc. | 0.44 | 0.42 | — | 58 | Consumer Cyclical |
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