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
12 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 0.11, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.11 | 0.06 | 0.17 | 66 | Technology Equities | VOD vs XLK | |
| Invesco S&P 500 Momentum ETF | 0.16 | 0.09 | 0.24 | 65 | Momentum, S&P 500 | VOD vs SPMO | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 0.19 | — | — | 62 | Nasdaq-100, Options Trading, Dividend | VOD vs QQQY | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.20 | — | — | 73 | Nasdaq-100, Dividend | VOD vs GPIQ | |
| NEOS Nasdaq-100 High Income ETF | 0.20 | — | — | 58 | Nasdaq-100, Derivative Income | VOD vs QQQI |
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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 Insmed Incorporated (INSM) (Healthcare) with a 1Y correlation of 0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Insmed Incorporated | 0.02 | 0.08 | 0.14 | 50 | Healthcare | |
| Celestica Inc. | 0.03 | -0.00 | 0.12 | 85 | Technology | |
| Lockheed Martin Corporation | 0.03 | 0.11 | 0.17 | 56 | Industrials | |
| Bloom Energy Corporation | 0.04 | 0.13 | 0.19 | 99 | Industrials | |
| Marvell Technology, Inc. | 0.04 | 0.03 | 0.13 | 95 | Technology |
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Build a portfolio that complements VOD
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