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
1346 ETFs have low correlation with VNLA (below 0.3), 81 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.08 | -0.05 | 71 | Oil & Gas | VNLA vs DBE | |
| Invesco DB Oil Fund | -0.35 | -0.08 | -0.04 | 65 | Oil & Gas | VNLA vs DBO | |
| ProShares Ultra Bloomberg Crude Oil | -0.34 | -0.08 | -0.04 | 54 | Leveraged Commodities | VNLA vs UCO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.34 | -0.09 | -0.04 | 55 | Oil & Gas | VNLA vs OILK | |
| Defiance Oil Enhanced Options Income ETF | -0.34 | -0.15 | -0.15 | 55 | Derivative Income | VNLA vs USOY |
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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 0.03, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.03 | 0.02 | 0.03 | 80 | Technology | |
| Rogers Communications Inc. | 0.20 | 0.20 | 0.13 | 84 | Communication Services | |
| The Hershey Company | 0.21 | 0.13 | 0.09 | 58 | Consumer Defensive | |
| Gildan Activewear Inc. | 0.21 | 0.14 | 0.08 | 61 | Consumer Cyclical |
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