Looking to balance out your exposure to VET? The ETFs below have the lowest correlation with VET — they tend to move on their own, which can help reduce risk when VET drops. The stock ideas table highlights individual companies that behave independently from VET.
Best Diversifiers for VET
3 ETFs have low correlation with VET (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of -0.13, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | -0.13 | 0.07 | 0.17 | 74 | Nasdaq-100 | VET vs QQQM | |
| Vanguard S&P 500 ETF | -0.09 | 0.14 | 0.27 | 70 | S&P 500 | VET vs VOO | |
| Fidelity MSCI Information Technology Index ETF | -0.05 | 0.11 | 0.20 | 77 | Technology Equities | VET vs FTEC | |
| iShares S&P GSCI Commodity-Indexed Trust | 0.66 | 0.67 | 0.67 | 71 | Commodities | VET vs GSG |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VET, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VET and solid risk/return profiles. The least correlated is Apache Corporation (APA) (Energy) with a 1Y correlation of 0.70, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apache Corporation | 0.70 | 0.71 | 0.75 | 90 | Energy |
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