Looking to diversify beyond VEGN? The ETFs below have the lowest correlation with VEGN — 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 VEGN.
Best Diversifiers for VEGN
325 ETFs have low correlation with VEGN (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, down from -0.35 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.35 | — | 53 | Cryptocurrency | VEGN vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 65 | Inverse Equities, Leveraged Equities | VEGN vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 70 | Derivative Income | VEGN vs WNTR | |
| Invesco DB Energy Fund | -0.19 | -0.07 | 0.06 | 57 | Oil & Gas | VEGN vs DBE | |
| VanEck Energy Income ETF | -0.15 | 0.19 | 0.33 | 80 | Energy Equities | VEGN vs EINC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VEGN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VEGN and solid risk/return profiles. The least correlated is Rivian Automotive, Inc. (RIVN) (Consumer Cyclical) with a 1Y correlation of 0.44, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rivian Automotive, Inc. | 0.44 | 0.42 | 0.51 | 65 | Consumer Cyclical |
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