Looking to balance out your exposure to VNCE? The ETFs below have the lowest correlation with VNCE — they tend to move on their own, which can help reduce risk when VNCE drops. The stock ideas table highlights individual companies that behave independently from VNCE.
Best Diversifiers for VNCE
1 ETFs have low correlation with VNCE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.20 | 0.15 | 0.14 | 76 | Technology Equities | VNCE vs VGT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VNCE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VNCE and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.08, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.08 | -0.02 | -0.00 | 59 | Communication Services | |
| CVS Health Corporation | -0.06 | 0.01 | 0.04 | 80 | Healthcare | |
| Tootsie Roll Industries, Inc. | -0.05 | 0.00 | 0.01 | 50 | Consumer Defensive | |
| The Hershey Company | -0.01 | -0.01 | 0.00 | 55 | Consumer Defensive | |
| Humana Inc. | 0.06 | 0.05 | 0.06 | 63 | Healthcare |
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