Looking to balance out your exposure to VIV? The ETFs below have the lowest correlation with VIV — they tend to move on their own, which can help reduce risk when VIV drops. The stock ideas table highlights individual companies that behave independently from VIV.
Best Diversifiers for VIV
2 ETFs have low correlation with VIV (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock Multifactor Mid Cap ETF (JHMM) (Mid Cap Growth Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Multifactor Mid Cap ETF | 0.27 | 0.24 | 0.26 | 55 | Mid Cap Growth Equities | VIV vs JHMM | |
| Vanguard Value ETF | 0.28 | 0.25 | 0.27 | 79 | Large Cap Value Equities | VIV vs VTV | |
| Vanguard S&P 500 ETF | 0.30 | 0.25 | 0.25 | 70 | S&P 500 | VIV vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VIV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VIV and solid risk/return profiles. The least correlated is Innovex International, Inc (INVX) (Energy) with a 1Y correlation of 0.03, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innovex International, Inc | 0.03 | 0.11 | 0.16 | 86 | Energy | |
| Telenor ASA | 0.04 | 0.04 | 0.05 | 51 | Communication Services | |
| Neurocrine Biosciences, Inc. | 0.08 | 0.08 | 0.10 | 68 | Healthcare | |
| Extreme Networks, Inc. | 0.09 | 0.13 | 0.13 | 77 | Technology | |
| Cisco Systems, Inc. | 0.10 | 0.14 | 0.15 | 95 | Technology |
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