Looking to balance out your exposure to VRSN? The ETFs below have the lowest correlation with VRSN — they tend to move on their own, which can help reduce risk when VRSN drops. The stock ideas table highlights individual companies that behave independently from VRSN.
Best Diversifiers for VRSN
12 ETFs have low correlation with VRSN (below 0.3), 4 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of -0.08, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | -0.08 | 0.08 | 0.32 | 96 | Leveraged Equities, Semiconductors | VRSN vs SOXL | |
| iShares Semiconductor ETF | -0.07 | 0.09 | 0.32 | 95 | Semiconductors, Technology Equities | VRSN vs SOXX | |
| Invesco Semiconductors ETF | -0.06 | 0.09 | 0.31 | 96 | Semiconductors, Technology Equities | VRSN vs PSI | |
| Convergence Long/Short Equity ETF | -0.03 | 0.11 | — | 95 | Long-Short, Actively Managed | VRSN vs CLSE | |
| Defiance Quantum ETF | 0.01 | 0.14 | 0.37 | 88 | Technology Equities | VRSN vs QTUM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VRSN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VRSN and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.19, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.19 | -0.01 | 0.27 | 72 | Technology | |
| Broadcom Inc. | -0.16 | 0.03 | 0.25 | 72 | Technology | |
| Amphenol Corporation | -0.16 | 0.06 | 0.30 | 80 | Technology | |
| Celestica Inc. | -0.14 | -0.02 | 0.15 | 88 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.14 | 0.00 | 0.19 | 93 | Technology |
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