Looking to balance out your exposure to VLT? The ETFs below have the lowest correlation with VLT — they tend to move on their own, which can help reduce risk when VLT drops. The stock ideas table highlights individual companies that behave independently from VLT.
Best Diversifiers for VLT
3 ETFs have low correlation with VLT (below 0.3), 0 of which are negatively correlated. The least correlated is Global X S&P 500 Covered Call ETF (XYLD) (Derivative Income) with a 1Y correlation of 0.28, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P 500 Covered Call ETF | 0.28 | 0.33 | 0.43 | 82 | Derivative Income, S&P 500 | VLT vs XYLD | |
| Amplify CWP International Enhanced Dividend Income... | 0.30 | 0.35 | — | 67 | Derivative Income, Dividend, Foreign Large Cap Equities | VLT vs IDVO | |
| Global X NASDAQ 100 Covered Call ETF | 0.30 | 0.34 | 0.44 | 88 | Nasdaq-100, Derivative Income | VLT vs QYLD | |
| Global X Russell 2000 Covered Call ETF | 0.30 | 0.38 | 0.47 | 66 | Hedge Fund | VLT vs RYLD | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.31 | 0.41 | 0.49 | 56 | Preferred Stock/Convertible Bonds | VLT vs PFFA |
See all 13 diversifiers for VLT
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