Looking to diversify beyond VNLA? The ETFs below have historically moved differently from VNLA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for VNLA
1349 ETFs have low correlation with VNLA (below 0.3), 97 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.36, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.36 | -0.10 | -0.04 | 51 | Oil & Gas | VNLA vs DBO | |
| Invesco DB Energy Fund | -0.36 | -0.10 | -0.06 | 66 | Oil & Gas | VNLA vs DBE | |
| United States Gasoline Fund, LP | -0.33 | -0.12 | -0.07 | 83 | Oil & Gas | VNLA vs UGA | |
| Fidelity Managed Futures ETF | -0.33 | — | — | 85 | Systematic Trend, Actively Managed | VNLA vs FFUT | |
| ProShares UltraShort Yen | -0.32 | -0.35 | -0.32 | 59 | Leveraged Currency | VNLA vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VNLA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.06, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.06 | 0.04 | 0.03 | 61 | Technology | |
| Gildan Activewear Inc. | 0.20 | 0.15 | 0.09 | 51 | Consumer Cyclical |
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