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
277 ETFs have low correlation with VZ (below 0.3), 179 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.33 | -0.16 | -0.02 | 54 | Technology Equities | VZ vs XLK | |
| Vanguard Information Technology ETF | -0.33 | -0.16 | -0.02 | 50 | Technology Equities | VZ vs VGT | |
| ProShares Ultra Semiconductors | -0.33 | -0.21 | -0.09 | 60 | Leveraged Equities, Semiconductors | VZ vs USD | |
| Fidelity MSCI Information Technology Index ETF | -0.33 | -0.16 | -0.02 | 51 | Technology Equities | VZ vs FTEC | |
| SP Funds S&P Global Technology ETF | -0.33 | — | — | 69 | Technology Equities | VZ vs SPTE |
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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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.31, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.31 | -0.20 | -0.07 | 67 | Technology | |
| NVIDIA Corporation | -0.30 | -0.20 | -0.09 | 63 | Technology | |
| ASML Holding N.V. | -0.29 | -0.13 | -0.03 | 96 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.28 | -0.18 | -0.09 | 89 | Technology | |
| Lam Research Corporation | -0.27 | -0.17 | -0.08 | 97 | Technology |
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Build a portfolio that complements VZ
Add VZ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VZ