Looking to diversify beyond VNLA? The ETFs below have the lowest correlation with VNLA — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from VNLA.
Best Diversifiers for VNLA
1141 ETFs have low correlation with VNLA (below 0.3), 39 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.34 | -0.10 | -0.07 | 60 | Oil & Gas | VNLA vs UGA | |
| ProShares UltraShort Yen | -0.32 | -0.34 | -0.31 | 73 | Leveraged Currency | VNLA vs YCS | |
| Fidelity Managed Futures ETF | -0.28 | — | — | 60 | Systematic Trend | VNLA vs FFUT | |
| VanEck Commodity Strategy ETF | -0.23 | -0.00 | — | 59 | Commodities | VNLA vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.22 | -0.05 | -0.04 | 77 | Commodities | VNLA vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VNLA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VNLA and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.06, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.06 | 0.04 | 0.03 | 70 | Technology | |
| The Hershey Company | 0.17 | 0.13 | 0.09 | 51 | Consumer Defensive | |
| Rogers Communications Inc. | 0.20 | 0.20 | 0.13 | 71 | Communication Services | |
| Gildan Activewear Inc. | 0.21 | 0.15 | 0.08 | 55 | Consumer Cyclical |
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