Looking to balance out your exposure to E? The ETFs below have the lowest correlation with E — they tend to move on their own, which can help reduce risk when E drops. The stock ideas table highlights individual companies that behave independently from E.
Best Diversifiers for E
15 ETFs have low correlation with E (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.02 | 0.09 | 0.20 | 59 | Nasdaq-100 | E vs QQQ | |
| State Street Technology Select Sector SPDR ETF | -0.01 | 0.09 | 0.20 | 66 | Technology Equities | E vs XLK | |
| iShares 0-3 Month Treasury Bond ETF | 0.01 | -0.01 | -0.03 | 100 | Ultrashort Bond | E vs SGOV | |
| Vanguard S&P 500 ETF | 0.03 | 0.17 | 0.30 | 59 | S&P 500 | E vs VOO | |
| State Street SPDR S&P 500 ETF | 0.03 | 0.17 | 0.30 | 59 | S&P 500 | E vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from E, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to E and solid risk/return profiles. The least correlated is The TJX Companies, Inc. (TJX) (Consumer Cyclical) with a 1Y correlation of -0.06, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The TJX Companies, Inc. | -0.06 | 0.06 | 0.18 | 86 | Consumer Cyclical | |
| Caterpillar Inc. | 0.04 | 0.23 | 0.37 | 98 | Industrials | |
| Casey's General Stores, Inc. | 0.04 | 0.08 | 0.14 | 91 | Consumer Defensive | |
| Comfort Systems USA, Inc. | 0.05 | 0.11 | 0.20 | 98 | Industrials | |
| EMCOR Group, Inc. | 0.05 | 0.13 | 0.22 | 83 | Industrials |
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