Looking to balance out your exposure to VRDN? The ETFs below have the lowest correlation with VRDN — they tend to move on their own, which can help reduce risk when VRDN drops. The stock ideas table highlights individual companies that behave independently from VRDN.
Best Diversifiers for VRDN
1 ETFs have low correlation with VRDN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.27, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.27 | 0.30 | 0.27 | 70 | S&P 500 | VRDN vs SPY |
Diversification Analysis
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