Looking to diversify beyond VPL? The ETFs below have the lowest correlation with VPL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from VPL.
Best Diversifiers for VPL
262 ETFs have low correlation with VPL (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.29 | -0.27 | 75 | Leveraged Currency | VPL vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 51 | Inverse Equities, Leveraged Equities | VPL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 58 | Derivative Income | VPL vs WNTR | |
| United States Gasoline Fund LP | -0.20 | -0.04 | 0.09 | 75 | Oil & Gas | VPL vs UGA | |
| Texas Capital Government Money Market ETF | -0.14 | — | — | 100 | Money Market | VPL vs MMKT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VPL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VPL and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.22, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.22 | 0.04 | 0.15 | 50 | Industrials | |
| Altria Group, Inc. | -0.21 | 0.00 | 0.12 | 78 | Consumer Defensive | |
| Chubb Limited | -0.21 | 0.06 | 0.21 | 85 | Financial Services | |
| The Coca-Cola Company | -0.13 | 0.06 | 0.19 | 81 | Consumer Defensive | |
| Duke Energy Corporation | -0.13 | 0.04 | 0.12 | 67 | Utilities |
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