Looking to balance out your exposure to VLY? The ETFs below have the lowest correlation with VLY — they tend to move on their own, which can help reduce risk when VLY drops. The stock ideas table highlights individual companies that behave independently from VLY.
Best Diversifiers for VLY
0 ETFs have low correlation with VLY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.50, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.50 | 0.46 | 0.53 | 70 | S&P 500 | VLY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VLY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VLY and solid risk/return profiles. The least correlated is Halliburton Company (HAL) (Energy) with a 1Y correlation of 0.09, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Halliburton Company | 0.09 | 0.28 | 0.35 | 94 | Energy | |
| U.S. Bancorp | 0.72 | 0.74 | 0.73 | 69 | Financial Services | |
| KeyCorp | 0.77 | 0.75 | 0.79 | 76 | Financial Services | |
| Columbia Banking System, Inc. | 0.81 | 0.82 | 0.79 | 68 | Financial Services |
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