Looking to balance out your exposure to VITL? The ETFs below have the lowest correlation with VITL — they tend to move on their own, which can help reduce risk when VITL drops. The stock ideas table highlights individual companies that behave independently from VITL.
Best Diversifiers for VITL
11 ETFs have low correlation with VITL (below 0.3), 8 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call ETF (QYLD) (Nasdaq-100) with a 1Y correlation of -0.08, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | -0.08 | 0.13 | 0.19 | 84 | Nasdaq-100, Derivative Income | VITL vs QYLD | |
| Invesco QQQ ETF | -0.07 | 0.15 | 0.21 | 59 | Nasdaq-100 | VITL vs QQQ | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | -0.05 | — | — | 64 | Derivative Income, Options Trading | VITL vs QDTE | |
| iShares MSCI Emerging Markets ex China ETF | -0.04 | 0.14 | 0.19 | 85 | Emerging Markets Equities | VITL vs EMXC | |
| First Trust NASDAQ Clean Edge Smart Grid Infrastru... | -0.03 | 0.18 | 0.24 | 65 | Alternative Energy Equities | VITL vs GRID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VITL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VITL and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.14, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.14 | 0.02 | 0.07 | 69 | Technology | |
| Quanta Services, Inc. | -0.06 | 0.13 | 0.17 | 92 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.05 | 0.11 | 0.13 | 93 | Technology | |
| Advanced Micro Devices, Inc. | -0.05 | 0.06 | 0.11 | 97 | Technology | |
| Texas Instruments Incorporated | -0.04 | 0.13 | 0.16 | 77 | Technology |
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