Skip to main content

Want a detailed portfolio tracker?

30 Stocks and 70 ETFs for diversifying VAW (VANGUARD MATERIALS INDEX FUND ETF SHARES)

The least correlated asset to VAW (VANGUARD MATERIALS INDEX FUND ETF SHARES) is ETF SMN (ProShares UltraShort Materials). The correlation is -0.969.

Stocks that lowly correlated with VAW

SymbolName
Market cap
SectorIndustry
Correlation
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.69
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.65
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.61
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.58
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.56
LHAILinkhome Holdings Inc$19MReal EstateReal Estate Services-0.56
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$213MFinancial ServicesShell Companies-0.53
AIIAmerican Integrity Insurance Group Inc$358MFinancial ServicesInsurance - Property & Casualty-0.49
OMDAOmada Health Inc$1.41BHealthcareHealth Information Services-0.49
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.48
TWNPTwin Hospitality Group Inc. Class A Common Stock$4.08MConsumer CyclicalRestaurants-0.48
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.48
ONCHU1RT Acquisition Corp - Units (1 Ord Cls A & 1 War)$39MFinancial ServicesShell Companies-0.47
OFSSOOFS Capital Corp$341MN/AN/A-0.45
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.45
RYOJrYojbaba Co. Ltd$51MIndustrialsConsulting Services-0.44
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.43
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.43
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.43
HNGEHinge Health Inc - Class A$6.74BHealthcareHealth Information Services-0.43
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.41
DAICCID HoldCo Inc$40MTechnologyInformation Technology Services-0.41
DBTXDecibel Therapeutics Inc$123MN/AN/A-0.41
BGMQilian International Holding Group Ltd - Class A$7.45MHealthcareDrug Manufacturers - Specialty & Generic-0.40
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.40
EDHLEverbright Digital Holding Ltd$5.88MCommunication ServicesAdvertising Agencies-0.39
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.39
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.39
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.38
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.38

ETFs that lowly correlated with VAW

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.97
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.89
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.88
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.87
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.85
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.85
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.84
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.83
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.83
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.82
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.82
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.82
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.81
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.81
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.81
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.81
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.81
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.81
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.80
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.80
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.80
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.79
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.75
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.73
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.73
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.72
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.70
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.70
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.69
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.69
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.69
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.68
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.67
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.65
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.63
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.63
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $286MN/AJul 14, 2025-0.63
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.63
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.63
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.61
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.60
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.59
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.59
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.58
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.58
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.57
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.57
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.57
OILDBank of Montreal$53MN/ANov 8, 2021-0.54
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.52
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.52
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.52
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.52
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.52
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.51
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.48
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.48
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.48
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.47
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.47
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.47
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.46
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.46
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.46
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.45
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.45
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.44
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.44
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.44
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.42