Looking to balance out your exposure to VRTX? The ETFs below have the lowest correlation with VRTX — they tend to move on their own, which can help reduce risk when VRTX drops. The stock ideas table highlights individual companies that behave independently from VRTX.
Best Diversifiers for VRTX
22 ETFs have low correlation with VRTX (below 0.3), 3 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.15, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.15 | 0.02 | 0.10 | 59 | Energy Equities | VRTX vs XLE | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.14 | -0.05 | 0.01 | 57 | Commodities | VRTX vs PDBC | |
| ProShares Ultra Semiconductors | -0.01 | 0.12 | 0.18 | 60 | Leveraged Equities, Semiconductors | VRTX vs USD | |
| Fidelity MSCI Information Technology Index ETF | 0.06 | 0.18 | 0.25 | 51 | Technology Equities | VRTX vs FTEC | |
| Vanguard Information Technology ETF | 0.06 | 0.19 | 0.25 | 50 | Technology Equities | VRTX vs VGT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VRTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VRTX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.20, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | -0.03 | 0.07 | 78 | Energy | |
| Chevron Corporation | -0.17 | 0.02 | 0.11 | 74 | Energy | |
| Devon Energy Corporation | -0.16 | -0.02 | 0.06 | 76 | Energy | |
| Diamondback Energy, Inc. | -0.16 | -0.02 | 0.07 | 80 | Energy | |
| Apache Corporation | -0.16 | -0.02 | 0.08 | 89 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements VRTX
Add VRTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VRTX