Looking to balance out your exposure to VEOEY? The ETFs below have historically moved differently from VEOEY, 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 VEOEY
1 ETFs have low correlation with VEOEY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 1-3 Year Treasury Bond ETF (SHY) (Government Bonds) with a 1Y correlation of 0.29, up from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 1-3 Year Treasury Bond ETF | 0.29 | 0.26 | 0.19 | 83 | Government Bonds, Short-Term Bond | VEOEY vs SHY | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.33 | 0.43 | 78 | S&P 500 | VEOEY vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VEOEY, 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 Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.04, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | 0.04 | 0.15 | 0.28 | 55 | Financial Services | |
| H2O America | 0.06 | 0.25 | 0.25 | 78 | Utilities | |
| Brookfield Infrastructure Corporation | 0.22 | — | — | 52 | Utilities | |
| Apple Inc | 0.25 | 0.25 | 0.33 | 90 | Technology | |
| Renesas Electronics Corp ADR | 0.27 | 0.20 | 0.28 | 86 | Technology |
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