Looking to balance out your exposure to VOD? The ETFs below have the lowest correlation with VOD — they tend to move on their own, which can help reduce risk when VOD drops. The stock ideas table highlights individual companies that behave independently from VOD.
Best Diversifiers for VOD
9 ETFs have low correlation with VOD (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.13, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.13 | 0.07 | 0.18 | 66 | Technology Equities | VOD vs XLK | |
| Invesco S&P 500 Momentum ETF | 0.18 | 0.10 | 0.24 | 70 | Momentum, S&P 500 | VOD vs SPMO | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 0.21 | — | — | 58 | Nasdaq-100, Options Trading, Dividend | VOD vs QQQY | |
| NEOS Nasdaq-100 High Income ETF | 0.23 | 0.13 | 0.13 | 54 | Nasdaq-100, Derivative Income | VOD vs QQQI | |
| Global X NASDAQ 100 Covered Call ETF | 0.25 | 0.16 | 0.23 | 85 | Nasdaq-100, Derivative Income | VOD vs QYLD |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VOD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VOD and solid risk/return profiles. The least correlated is Imperial Petroleum Inc. (IMPPP) (Energy) with a 1Y correlation of -0.03, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Imperial Petroleum Inc. | -0.03 | 0.03 | — | 77 | Energy | |
| Lockheed Martin Corporation | 0.02 | 0.11 | 0.17 | 52 | Industrials | |
| Celestica Inc. | 0.04 | -0.02 | 0.12 | 88 | Technology | |
| Chevron Corporation | 0.04 | 0.10 | 0.19 | 70 | Energy | |
| Micron Technology, Inc. | 0.05 | 0.06 | 0.16 | 99 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements VOD
Add VOD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VOD