Looking to balance out your exposure to VIPS? The ETFs below have the lowest correlation with VIPS — they tend to move on their own, which can help reduce risk when VIPS drops. The stock ideas table highlights individual companies that behave independently from VIPS.
Best Diversifiers for VIPS
2 ETFs have low correlation with VIPS (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long AMD Daily ETF (AMDL) (Leveraged Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | 0.22 | 0.22 | 0.22 | 96 | Leveraged Equities | VIPS vs AMDL | |
| Vanguard High Dividend Yield ETF | 0.22 | 0.29 | 0.27 | 77 | Dividend | VIPS vs VYM | |
| Vanguard S&P 500 ETF | 0.33 | 0.30 | 0.33 | 70 | S&P 500 | VIPS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VIPS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VIPS and solid risk/return profiles. The least correlated is Zoom Video Communications, Inc. (ZM) (Communication Services) with a 1Y correlation of 0.05, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Zoom Video Communications, Inc. | 0.05 | 0.16 | 0.26 | 64 | Communication Services | |
| The TJX Companies, Inc. | 0.13 | 0.15 | 0.18 | 78 | Consumer Cyclical | |
| Enphase Energy, Inc. | 0.14 | 0.21 | 0.26 | 65 | Technology | |
| Crocs, Inc. | 0.21 | 0.26 | 0.30 | 50 | Consumer Cyclical | |
| Novavax, Inc. | 0.21 | 0.21 | 0.25 | 61 | Healthcare |
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