Looking to balance out your exposure to VRNA? The ETFs below have the lowest correlation with VRNA — they tend to move on their own, which can help reduce risk when VRNA drops. The stock ideas table highlights individual companies that behave independently from VRNA.
Best Diversifiers for VRNA
1 ETFs have low correlation with VRNA (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.00, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.00 | 0.25 | 0.23 | 75 | Momentum, S&P 500 | VRNA vs SPMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VRNA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VRNA and solid risk/return profiles. The least correlated is Symbotic Inc (SYM) (Industrials) with a 1Y correlation of -0.09, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Symbotic Inc | -0.09 | 0.17 | 0.16 | 64 | Industrials | |
| Powell Industries, Inc. | -0.09 | 0.14 | 0.13 | 98 | Industrials | |
| Reddit, Inc. | -0.09 | — | — | 62 | Communication Services | |
| Mercury Systems, Inc. | -0.09 | 0.16 | 0.15 | 86 | Industrials | |
| Virtu Financial, Inc. | -0.08 | 0.05 | 0.04 | 64 | Financial Services |
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