Looking to balance out your exposure to VIST? The ETFs below have historically moved differently from VIST, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for VIST
13 ETFs have low correlation with VIST (below 0.3), 10 of which are negatively correlated. The least correlated is State Street Health Care Select Sector SPDR ETF (XLV) (Health & Biotech Equities) with a 1Y correlation of -0.23, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Health Care Select Sector SPDR ETF | -0.23 | -0.03 | 0.04 | 72 | Health & Biotech Equities | VIST vs XLV | |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | -0.14 | 0.09 | 0.13 | 53 | Emerging Markets Bonds | VIST vs EMB | |
| iShares Core MSCI Europe ETF | -0.14 | 0.13 | 0.23 | 61 | Europe Equities | VIST vs IEUR | |
| Vanguard FTSE Developed Markets ETF | -0.11 | 0.17 | 0.26 | 75 | Foreign Large Cap Equities | VIST vs VEA | |
| Vanguard International High Dividend Yield ETF | -0.08 | 0.19 | 0.31 | 91 | Dividend, Foreign Large Cap Equities | VIST vs VYMI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VIST, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Dynex Capital, Inc. (DX) (Real Estate) with a 1Y correlation of -0.19, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dynex Capital, Inc. | -0.19 | 0.05 | 0.14 | 73 | Real Estate | |
| Berkshire Hathaway Inc. | -0.19 | 0.04 | 0.16 | 61 | Financial Services | |
| CareTrust REIT, Inc. | -0.19 | -0.06 | 0.04 | 84 | Real Estate | |
| Amgen Inc. | -0.18 | -0.01 | 0.03 | 80 | Healthcare | |
| Hamilton Insurance Group Ltd. | -0.17 | -0.02 | -0.02 | 96 | Financial Services |
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