Looking to balance out your exposure to VGZ? The ETFs below have the lowest correlation with VGZ — they tend to move on their own, which can help reduce risk when VGZ drops. The stock ideas table highlights individual companies that behave independently from VGZ.
Best Diversifiers for VGZ
0 ETFs have low correlation with VGZ (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Global Silver and Metals Miners ETF (SLVP) (Silver) with a 1Y correlation of 0.64, roughly unchanged from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Global Silver and Metals Miners ETF | 0.64 | 0.56 | 0.54 | 57 | Silver, Precious Metals | VGZ vs SLVP |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VGZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VGZ and solid risk/return profiles. The least correlated is Tri Pointe Homes, Inc. (TPH) (Consumer Cyclical) with a 1Y correlation of 0.01, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tri Pointe Homes, Inc. | 0.01 | 0.13 | 0.15 | 79 | Consumer Cyclical | |
| Dillard's, Inc. | 0.04 | 0.06 | 0.11 | 79 | Consumer Cyclical | |
| Lumentum Holdings Inc. | 0.10 | 0.09 | 0.10 | 99 | Technology | |
| uniQure N.V. | 0.12 | 0.10 | 0.13 | 71 | Healthcare | |
| Everpure, Inc. | 0.13 | 0.09 | 0.14 | 63 | Technology |
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