Looking to balance out your exposure to VERA? The ETFs below have the lowest correlation with VERA — they tend to move on their own, which can help reduce risk when VERA drops. The stock ideas table highlights individual companies that behave independently from VERA.
Best Diversifiers for VERA
2 ETFs have low correlation with VERA (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.25, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.25 | 0.22 | 0.24 | 96 | Semiconductors, Technology Equities | VERA vs SMH | |
| Vanguard S&P 500 ETF | 0.29 | 0.29 | 0.28 | 70 | S&P 500 | VERA vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VERA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VERA and solid risk/return profiles. The least correlated is Cadence Design Systems, Inc. (CDNS) (Technology) with a 1Y correlation of 0.12, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cadence Design Systems, Inc. | 0.12 | 0.15 | 0.19 | 68 | Technology | |
| Broadcom Inc. | 0.19 | 0.15 | 0.20 | 84 | Technology | |
| Eli Lilly and Company | 0.23 | 0.20 | 0.16 | 72 | Healthcare |
Build a portfolio that complements VERA
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