Looking to balance out your exposure to VWAV? The ETFs below have the lowest correlation with VWAV — they tend to move on their own, which can help reduce risk when VWAV drops. The stock ideas table highlights individual companies that behave independently from VWAV.
No Diversifiers Found for VWAV
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VWAV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VWAV and solid risk/return profiles. The least correlated is Steel Dynamics, Inc. (STLD) (Basic Materials) with a 1Y correlation of 0.07, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Steel Dynamics, Inc. | 0.07 | 0.07 | 0.07 | 88 | Basic Materials | |
| MP Materials Corp. | 0.17 | 0.17 | 0.17 | 53 | Basic Materials |
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