Looking to balance out your exposure to VNOM? The ETFs below have the lowest correlation with VNOM — they tend to move on their own, which can help reduce risk when VNOM drops. The stock ideas table highlights individual companies that behave independently from VNOM.
Best Diversifiers for VNOM
2 ETFs have low correlation with VNOM (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.01, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.01 | 0.20 | 0.27 | 65 | S&P 500 | VNOM vs SPY | |
| VanEck Semiconductor ETF | 0.01 | 0.15 | 0.21 | 90 | Semiconductors, Technology Equities | VNOM vs SMH | |
| State Street Energy Select Sector SPDR ETF | 0.67 | 0.65 | 0.71 | 59 | Energy Equities | VNOM vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VNOM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VNOM and solid risk/return profiles. The least correlated is HCA Healthcare, Inc. (HCA) (Healthcare) with a 1Y correlation of -0.20, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HCA Healthcare, Inc. | -0.20 | -0.02 | 0.09 | 50 | Healthcare | |
| Copa Holdings, S.A. | -0.19 | -0.02 | 0.11 | 73 | Industrials | |
| AGNC Investment Corp. | -0.09 | 0.07 | 0.17 | 87 | Real Estate | |
| British American Tobacco p.l.c. | -0.08 | 0.00 | 0.12 | 76 | Consumer Defensive | |
| Marriott International, Inc. | -0.08 | 0.14 | 0.23 | 83 | Consumer Cyclical |
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