Looking to balance out your exposure to VRNS? The ETFs below have the lowest correlation with VRNS — they tend to move on their own, which can help reduce risk when VRNS drops. The stock ideas table highlights individual companies that behave independently from VRNS.
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 0.28, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.43 | 0.51 | 70 | S&P 500 | VRNS vs SPY | |
| Vanguard S&P 500 ETF | 0.29 | 0.43 | 0.52 | 70 | S&P 500 | VRNS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VRNS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VRNS and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.11, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.11 | 0.23 | 0.40 | 78 | Technology | |
| Evercore Inc. | 0.22 | 0.33 | 0.40 | 72 | Financial Services | |
| Palo Alto Networks, Inc. | 0.53 | 0.49 | 0.53 | 67 | Technology | |
| Fortinet, Inc. | 0.54 | 0.47 | 0.54 | 66 | Technology | |
| CrowdStrike Holdings, Inc. | 0.58 | 0.52 | 0.60 | 70 | Technology |
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