Looking to balance out your exposure to VNO? The ETFs below have historically moved differently from VNO, 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 VNO
3 ETFs have low correlation with VNO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.03, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.03 | 0.02 | -0.00 | 100 | Ultrashort Bond | VNO vs SGOV | |
| Invesco QQQ ETF | 0.25 | 0.33 | 0.36 | 55 | Nasdaq-100 | VNO vs QQQ | |
| Schwab U.S. Dividend Equity ETF | 0.30 | 0.47 | 0.54 | 95 | Dividend | VNO vs SCHD | |
| iShares 1-3 Year Treasury Bond ETF | 0.36 | 0.22 | 0.16 | 81 | Government Bonds, Short-Term Bond | VNO vs SHY | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.47 | 0.51 | 72 | S&P 500 | VNO vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VNO, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.07 | 0.20 | 64 | Consumer Defensive | |
| Sabra Health Care REIT, Inc. | 0.01 | 0.25 | 0.40 | 68 | Real Estate | |
| Skeena Resources Ltd | 0.02 | 0.17 | 0.17 | 80 | Basic Materials | |
| Cisco Systems, Inc. | 0.03 | 0.24 | 0.31 | 94 | Technology | |
| Western Digital Corporation | 0.05 | 0.21 | 0.32 | 99 | Technology |
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