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
15 ETFs have low correlation with VRTX (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.01, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.01 | 0.13 | 0.18 | 82 | Leveraged Equities, Semiconductors | VRTX vs USD | |
| State Street Technology Select Sector SPDR ETF | 0.08 | 0.20 | 0.26 | 66 | Technology Equities | VRTX vs XLK | |
| Invesco S&P 500 Momentum ETF | 0.09 | 0.22 | 0.29 | 70 | Momentum, S&P 500 | VRTX vs SPMO | |
| Invesco QQQ ETF | 0.16 | 0.25 | 0.29 | 59 | Nasdaq-100 | VRTX vs QQQ | |
| ProShares Ultra QQQ | 0.16 | 0.25 | 0.29 | 52 | Leveraged Equities | VRTX vs QLD |
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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 -0.18, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.18 | -0.02 | 0.07 | 74 | Energy | |
| Chevron Corporation | -0.15 | 0.03 | 0.11 | 70 | Energy | |
| Apache Corporation | -0.14 | -0.02 | 0.08 | 86 | Energy | |
| Diamondback Energy, Inc. | -0.13 | -0.01 | 0.07 | 75 | Energy | |
| ConocoPhillips Company | -0.12 | 0.02 | 0.09 | 65 | Energy |
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