Looking to balance out your exposure to VZ? The ETFs below have the lowest correlation with VZ — they tend to move on their own, which can help reduce risk when VZ drops. The stock ideas table highlights individual companies that behave independently from VZ.
Best Diversifiers for VZ
254 ETFs have low correlation with VZ (below 0.3), 143 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.31, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.31 | -0.20 | -0.08 | 82 | Leveraged Equities, Semiconductors | VZ vs USD | |
| Vanguard Information Technology ETF | -0.29 | -0.14 | -0.01 | 58 | Technology Equities | VZ vs VGT | |
| SP Funds S&P Global Technology ETF | -0.28 | — | — | 77 | Technology Equities | VZ vs SPTE | |
| State Street Technology Select Sector SPDR ETF | -0.27 | -0.13 | -0.00 | 66 | Technology Equities | VZ vs XLK | |
| Roundhill Generative AI & Technology ETF | -0.27 | -0.16 | — | 89 | Technology Equities | VZ vs CHAT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VZ and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.29, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.29 | -0.19 | -0.09 | 70 | Technology | |
| Broadcom Inc. | -0.28 | -0.19 | -0.06 | 71 | Technology | |
| Cloudflare, Inc. | -0.25 | -0.12 | -0.05 | 55 | Technology | |
| ASML Holding N.V. | -0.24 | -0.11 | -0.01 | 93 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.23 | -0.17 | -0.08 | 93 | Technology |
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Build a portfolio that complements VZ
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