Looking to balance out your exposure to VZLA? The ETFs below have the lowest correlation with VZLA — they tend to move on their own, which can help reduce risk when VZLA drops. The stock ideas table highlights individual companies that behave independently from VZLA.
Best Diversifiers for VZLA
0 ETFs have low correlation with VZLA (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.37, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.37 | 0.37 | 0.37 | 76 | Technology Equities | VZLA vs VGT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VZLA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VZLA and solid risk/return profiles. The least correlated is Ero Copper Corp (ERO) (Basic Materials) with a 1Y correlation of 0.51, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ero Copper Corp | 0.51 | 0.53 | 0.53 | 82 | Basic Materials | |
| Hecla Mining Company | 0.73 | — | — | 87 | Basic Materials | |
| Endeavour Silver Corp. | 0.74 | 0.68 | 0.68 | 80 | Basic Materials | |
| Avino Silver & Gold Mines Ltd. | 0.75 | — | — | 73 | Basic Materials | |
| Silvercorp Metals Inc. | 0.77 | — | — | 91 | Basic Materials |
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