Looking to balance out your exposure to VNRFY? The ETFs below have the lowest correlation with VNRFY — they tend to move on their own, which can help reduce risk when VNRFY drops. The stock ideas table highlights individual companies that behave independently from VNRFY.
Best Diversifiers for VNRFY
1 ETFs have low correlation with VNRFY (below 0.3), 1 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 -0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.03 | 0.02 | 0.02 | 70 | S&P 500 | VNRFY vs SPY |
Diversification Analysis
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