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
265 ETFs have low correlation with VPL (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, down from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.30 | -0.28 | 61 | Leveraged Currency | VPL vs YCS | |
| United States Oil Fund LP | -0.33 | -0.05 | 0.10 | 66 | Oil & Gas | VPL vs USO | |
| Invesco DB Energy Fund | -0.32 | -0.05 | 0.10 | 71 | Oil & Gas | VPL vs DBE | |
| United States Brent Oil Fund LP | -0.31 | -0.04 | 0.10 | 65 | Oil & Gas | VPL vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | VPL vs USOY |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | 0.04 | 0.15 | 73 | Consumer Defensive | |
| ConocoPhillips Company | -0.06 | 0.08 | 0.21 | 76 | Energy | |
| Exxon Mobil Corporation | -0.05 | 0.12 | 0.22 | 86 | Energy | |
| Duke Energy Corporation | -0.04 | 0.07 | 0.12 | 53 | Utilities | |
| Chubb Limited | -0.03 | 0.11 | 0.22 | 51 | Financial Services |
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