Looking to balance out your exposure to VIAV? The ETFs below have the lowest correlation with VIAV — they tend to move on their own, which can help reduce risk when VIAV drops. The stock ideas table highlights individual companies that behave independently from VIAV.
Best Diversifiers for VIAV
0 ETFs have low correlation with VIAV (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Spain ETF (EWP) (Europe Equities) with a 1Y correlation of 0.32, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Spain ETF | 0.32 | 0.28 | 0.37 | 69 | Europe Equities | VIAV vs EWP | |
| Invesco QQQ ETF | 0.46 | 0.47 | 0.55 | 59 | Nasdaq-100 | VIAV vs QQQ | |
| Vanguard S&P 500 ETF | 0.48 | 0.50 | 0.58 | 60 | S&P 500 | VIAV vs VOO | |
| VanEck Semiconductor ETF | 0.52 | 0.48 | 0.56 | 94 | Semiconductors, Technology Equities | VIAV vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VIAV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VIAV and solid risk/return profiles. The least correlated is The J. M. Smucker Company (SJM) (Consumer Defensive) with a 1Y correlation of -0.08, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The J. M. Smucker Company | -0.08 | 0.00 | 0.01 | 62 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.04 | 0.05 | 0.14 | 74 | Energy | |
| Walmart Inc. | 0.02 | 0.09 | 0.17 | 70 | Consumer Defensive | |
| SELLAS Life Sciences Group, Inc. | 0.06 | 0.09 | 0.18 | 96 | Healthcare | |
| Praxis Precision Medicines, Inc. | 0.12 | 0.19 | 0.20 | 98 | Healthcare |
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