Looking to balance out your exposure to VOD? The ETFs below have historically moved differently from VOD, 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 VOD
13 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 0.10, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.10 | 0.05 | 0.16 | 62 | Technology Equities | VOD vs XLK | |
| Invesco S&P 500 Momentum ETF | 0.14 | 0.08 | 0.22 | 51 | Momentum, S&P 500 | VOD vs SPMO | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 0.16 | — | — | 55 | Nasdaq-100, Options Trading, Dividend | VOD vs QQQY | |
| NEOS Nasdaq-100 High Income ETF | 0.17 | — | — | 52 | Nasdaq-100, Derivative Income | VOD vs QQQI | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.18 | — | — | 69 | Nasdaq-100, Dividend | VOD vs GPIQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VOD, 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 UiPath Inc. (PATH) (Technology) with a 1Y correlation of -0.03, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| UiPath Inc. | -0.03 | 0.05 | 0.12 | 54 | Technology | |
| Lockheed Martin Corporation | 0.02 | 0.10 | 0.16 | 80 | Industrials | |
| Bloom Energy Corporation | 0.02 | 0.12 | 0.19 | 97 | Industrials | |
| Palo Alto Networks, Inc. | 0.03 | -0.01 | 0.08 | 90 | Technology | |
| Marvell Technology, Inc. | 0.04 | 0.03 | 0.12 | 90 | Technology |
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