Looking to diversify beyond VPL? The ETFs below have historically moved differently from VPL, 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 VPL
315 ETFs have low correlation with VPL (below 0.3), 66 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.27 | — | 60 | Cryptocurrency | VPL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | VPL vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 60 | Inverse Equities, Leveraged Equities | VPL vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 74 | Derivative Income | VPL vs WNTR | |
| ProShares UltraShort Yen | -0.33 | -0.28 | -0.27 | 82 | Leveraged Currency | VPL vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VPL, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.25, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.25 | -0.01 | 0.11 | 82 | Consumer Defensive | |
| Chubb Limited | -0.23 | 0.05 | 0.19 | 91 | Financial Services | |
| The Coca-Cola Company | -0.15 | 0.05 | 0.17 | 90 | Consumer Defensive | |
| Duke Energy Corporation | -0.15 | 0.03 | 0.11 | 67 | Utilities | |
| Costco Wholesale Corporation | -0.14 | 0.17 | 0.28 | 51 | Consumer Defensive |
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