Looking to balance out your exposure to VIST? The ETFs below have the lowest correlation with VIST — they tend to move on their own, which can help reduce risk when VIST drops. The stock ideas table highlights individual companies that behave independently from VIST.
Best Diversifiers for VIST
9 ETFs have low correlation with VIST (below 0.3), 6 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.05 | -0.09 | 100 | Ultrashort Bond | VIST vs SGOV | |
| Vanguard International High Dividend Yield ETF | -0.05 | 0.20 | 0.32 | 70 | Dividend, Foreign Large Cap Equities | VIST vs VYMI | |
| Invesco QQQ ETF | -0.04 | 0.14 | 0.18 | 59 | Nasdaq-100 | VIST vs QQQ | |
| First Trust NASDAQ Clean Edge Smart Grid Infrastru... | -0.03 | 0.20 | 0.26 | 65 | Alternative Energy Equities | VIST vs GRID | |
| State Street SPDR S&P 500 ETF | -0.02 | 0.17 | 0.24 | 59 | S&P 500 | VIST vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VIST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VIST and solid risk/return profiles. The least correlated is Construction Partners, Inc. (ROAD) (Industrials) with a 1Y correlation of -0.22, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Construction Partners, Inc. | -0.22 | 0.06 | 0.14 | 53 | Industrials | |
| Howmet Aerospace Inc. | -0.17 | 0.08 | 0.21 | 85 | Industrials | |
| Wheaton Precious Metals Corp. | -0.16 | 0.06 | 0.14 | 61 | Basic Materials | |
| AngloGold Ashanti Limited | -0.15 | 0.06 | 0.13 | 77 | Basic Materials | |
| CareTrust REIT, Inc. | -0.15 | -0.04 | 0.05 | 78 | Real Estate |
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