Looking to balance out your exposure to VXZ? The ETFs below have historically moved differently from VXZ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for VXZ
7 ETFs have low correlation with VXZ (below 0.3), 6 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.68, roughly unchanged from -0.71 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.68 | -0.69 | -0.71 | 68 | S&P 500 | VXZ vs VOO | |
| ProShares UltraPro S&P 500 | -0.68 | -0.69 | -0.71 | 50 | Leveraged Equities, S&P 500 | VXZ vs UPRO | |
| State Street SPDR S&P 500 ETF | -0.68 | -0.69 | -0.71 | 67 | S&P 500 | VXZ vs SPY | |
| ProShares UltraPro Dow30 | -0.64 | -0.60 | -0.65 | 56 | Leveraged Equities | VXZ vs UDOW | |
| iShares MSCI EAFE Min Vol Factor ETF | -0.32 | -0.36 | -0.45 | 69 | Foreign Large Cap Equities, Low Volatility | VXZ vs EFAV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VXZ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.42, roughly unchanged from -0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.42 | -0.45 | -0.49 | 96 | Technology | |
| Microchip Technology Incorporated | -0.37 | -0.48 | -0.51 | 54 | Technology | |
| Micron Technology, Inc. | -0.35 | -0.39 | -0.42 | 99 | Technology | |
| Honeywell International Inc | -0.32 | -0.33 | -0.42 | 60 | Industrials | |
| New Oriental Education & Technology Group Inc. | -0.26 | -0.20 | -0.24 | 72 | Consumer Defensive |
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