Looking to balance out your exposure to VVX? The ETFs below have the lowest correlation with VVX — they tend to move on their own, which can help reduce risk when VVX drops. The stock ideas table highlights individual companies that behave independently from VVX.
Best Diversifiers for VVX
4 ETFs have low correlation with VVX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.19, roughly unchanged from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.19 | 0.25 | — | 59 | Nasdaq-100 | VVX vs QQQ | |
| NEOS Nasdaq-100 High Income ETF | 0.21 | — | — | 53 | Nasdaq-100, Derivative Income | VVX vs QQQI | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.34 | — | 59 | S&P 500 | VVX vs SPY | |
| Vanguard S&P 500 ETF | 0.29 | 0.34 | — | 59 | S&P 500 | VVX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VVX and solid risk/return profiles. The least correlated is CareTrust REIT, Inc. (CTRE) (Real Estate) with a 1Y correlation of -0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CareTrust REIT, Inc. | -0.02 | 0.13 | 0.17 | 78 | Real Estate | |
| Jazz Pharmaceuticals plc | 0.14 | 0.17 | 0.18 | 97 | Healthcare | |
| Vista Oil & Gas, S.A.B. de C.V. | 0.16 | 0.16 | 0.18 | 63 | Energy | |
| Cenovus Energy Inc. | 0.17 | 0.24 | 0.25 | 91 | Energy | |
| International General Insurance Holdings Ltd. | 0.17 | 0.20 | 0.14 | 67 | Financial Services |
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