Looking to balance out your exposure to VEON? The ETFs below have the lowest correlation with VEON — they tend to move on their own, which can help reduce risk when VEON drops. The stock ideas table highlights individual companies that behave independently from VEON.
No Diversifiers Found for VEON
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VEON, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VEON and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.09, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.09 | 0.02 | 0.04 | 83 | Energy | |
| ZIM Integrated Shipping Services Ltd. | 0.02 | 0.03 | 0.07 | 76 | Industrials | |
| Elbit Systems Ltd | 0.02 | 0.03 | 0.04 | 88 | Industrials | |
| Symbotic Inc | 0.02 | 0.07 | 0.07 | 65 | Industrials | |
| Verizon Communications Inc. | 0.02 | 0.06 | 0.07 | 56 | Communication Services |
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