Looking to balance out your exposure to VNDA? The ETFs below have the lowest correlation with VNDA — they tend to move on their own, which can help reduce risk when VNDA drops. The stock ideas table highlights individual companies that behave independently from VNDA.
Best Diversifiers for VNDA
1 ETFs have low correlation with VNDA (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of 0.18, roughly unchanged from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | 0.18 | 0.11 | — | 52 | Derivative Income, Options Trading | VNDA vs NVDY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VNDA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VNDA and solid risk/return profiles. The least correlated is Hycroft Mining Holding Corporation (HYMC) (Basic Materials) with a 1Y correlation of 0.16, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hycroft Mining Holding Corporation | 0.16 | 0.14 | 0.14 | 97 | Basic Materials | |
| Redwire Corporation | 0.21 | 0.20 | — | 51 | Industrials | |
| Structure Therapeutics Inc. American Depositary Sh... | 0.23 | 0.21 | — | 70 | Healthcare | |
| Advanced Micro Devices, Inc. | 0.25 | 0.14 | 0.20 | 98 | Technology | |
| Intuitive Machines Inc. | 0.26 | 0.22 | — | 86 | Industrials |
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