Looking to balance out your exposure to VRNS? The ETFs below have historically moved differently from VRNS, 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 VRNS
2 ETFs have low correlation with VRNS (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 0.24, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.24 | 0.41 | 0.51 | 67 | S&P 500 | VRNS vs SPY | |
| Vanguard S&P 500 ETF | 0.24 | 0.41 | 0.51 | 68 | S&P 500 | VRNS vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VRNS, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.06, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.06 | 0.21 | 0.38 | 56 | Technology | |
| New Oriental Education & Technology Group Inc. | 0.07 | 0.10 | 0.19 | 72 | Consumer Defensive | |
| Palo Alto Networks, Inc. | 0.51 | 0.48 | 0.50 | 88 | Technology | |
| Fortinet, Inc. | 0.53 | 0.48 | 0.54 | 81 | Technology | |
| Qualys, Inc. | 0.57 | 0.53 | 0.61 | 50 | Technology |
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