Looking to balance out your exposure to VZ? The ETFs below have historically moved differently from VZ, 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 VZ
299 ETFs have low correlation with VZ (below 0.3), 202 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.33, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.33 | -0.17 | -0.02 | 60 | Technology Equities | VZ vs XLK | |
| Direxion Daily Technology Bull 3X Shares | -0.32 | -0.18 | -0.02 | 53 | Leveraged Equities, Technology Equities | VZ vs TECL | |
| Fidelity MSCI Information Technology Index ETF | -0.32 | -0.18 | -0.03 | 58 | Technology Equities | VZ vs FTEC | |
| VanEck Fabless Semiconductor ETF | -0.32 | — | — | 61 | Semiconductors, Technology Equities | VZ vs SMHX | |
| ProShares Ultra Semiconductors | -0.32 | -0.22 | -0.09 | 57 | Leveraged Equities, Semiconductors | VZ vs USD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VZ, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.30, down from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.30 | -0.20 | -0.07 | 70 | Technology | |
| Lam Research Corporation | -0.28 | -0.18 | -0.08 | 96 | Technology | |
| Marvell Technology, Inc. | -0.28 | -0.20 | -0.09 | 90 | Technology | |
| ASML Holding N.V. | -0.28 | -0.13 | -0.03 | 96 | Technology | |
| Flex Ltd. | -0.27 | -0.15 | -0.01 | 91 | Technology |
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