Looking to diversify beyond VHY.AX? The ETFs below have the lowest correlation with VHY.AX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from VHY.AX.
Best Diversifiers for VHY.AX
0 ETFs have low correlation with VHY.AX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE Asia ex Japan Shares Index ETF (VAE.AX) (Asia Pacific Equities) with a 1Y correlation of 0.41, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Asia ex Japan Shares Index ETF | 0.41 | 0.34 | 0.36 | 75 | Asia Pacific Equities | VHY.AX vs VAE.AX |
Diversification Analysis
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