Looking to balance out your exposure to VEOEY? The ETFs below have the lowest correlation with VEOEY — they tend to move on their own, which can help reduce risk when VEOEY drops. The stock ideas table highlights individual companies that behave independently from VEOEY.
Best Diversifiers for VEOEY
0 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 0.36, up from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 1-3 Year Treasury Bond ETF | 0.36 | 0.27 | 0.18 | 79 | Government Bonds, Short-Term Bond | VEOEY vs SHY | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.34 | 0.43 | 70 | S&P 500 | VEOEY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VEOEY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VEOEY and solid risk/return profiles. The least correlated is H2O America (HTO) (Utilities) with a 1Y correlation of 0.13, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| H2O America | 0.13 | 0.28 | 0.27 | 52 | Utilities | |
| Renesas Electronics Corp ADR | 0.21 | 0.20 | 0.27 | 90 | Technology | |
| Apple Inc | 0.26 | 0.25 | 0.33 | 89 | Technology | |
| Reaves Utility Income Trust | 0.27 | 0.28 | 0.35 | 78 | Financial Services | |
| Allianz SE ADR | 0.45 | 0.50 | 0.55 | 56 | Financial Services |
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