Looking to balance out your exposure to VTLE? The ETFs below have the lowest correlation with VTLE — they tend to move on their own, which can help reduce risk when VTLE drops. The stock ideas table highlights individual companies that behave independently from VTLE.
Best Diversifiers for VTLE
1 ETFs have low correlation with VTLE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.08, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.08 | 0.20 | 0.31 | 74 | S&P 500 | VTLE vs VOO | |
| State Street Energy Select Sector SPDR ETF | 0.44 | 0.63 | 0.69 | 70 | Energy Equities | VTLE vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VTLE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VTLE and solid risk/return profiles. The least correlated is Imperial Oil Limited (IMO) (Energy) with a 1Y correlation of 0.26, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Imperial Oil Limited | 0.26 | 0.51 | 0.58 | 92 | Energy | |
| PBF Energy Inc. | 0.31 | 0.42 | 0.51 | 87 | Energy | |
| Apache Corporation | 0.48 | 0.66 | 0.71 | 91 | Energy | |
| Diamondback Energy, Inc. | 0.50 | 0.66 | 0.71 | 81 | Energy |
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