Looking to balance out your exposure to VERX? The ETFs below have the lowest correlation with VERX — they tend to move on their own, which can help reduce risk when VERX drops. The stock ideas table highlights individual companies that behave independently from VERX.
Best Diversifiers for VERX
2 ETFs have low correlation with VERX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.25, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.25 | 0.31 | 0.38 | 70 | S&P 500 | VERX vs SPY | |
| Vanguard S&P 500 ETF | 0.25 | 0.31 | 0.38 | 70 | S&P 500 | VERX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VERX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VERX and solid risk/return profiles. The least correlated is KLA Corporation (KLAC) (Technology) with a 1Y correlation of -0.02, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| KLA Corporation | -0.02 | 0.14 | 0.27 | 95 | Technology | |
| AbbVie Inc. | -0.02 | -0.01 | 0.03 | 62 | Healthcare | |
| Eli Lilly and Company | 0.01 | 0.06 | 0.09 | 72 | Healthcare | |
| Amgen Inc. | 0.04 | 0.02 | 0.07 | 62 | Healthcare | |
| Apple Inc | 0.04 | 0.15 | 0.27 | 89 | Technology |
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