Looking to balance out your exposure to E? The ETFs below have historically moved differently from E, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for E
14 ETFs have low correlation with E (below 0.3), 5 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.01, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.01 | 0.14 | 0.28 | 78 | S&P 500 | E vs VOO | |
| iShares iBoxx $ High Yield Corporate Bond ETF | -0.01 | 0.18 | 0.29 | 61 | High Yield Bonds | E vs HYG | |
| Invesco QQQ ETF | -0.01 | 0.08 | 0.20 | 58 | Nasdaq-100 | E vs QQQ | |
| Vanguard Total Stock Market ETF | -0.01 | 0.15 | 0.29 | 78 | Large Cap Blend Equities | E vs VTI | |
| State Street SPDR S&P 500 ETF | -0.00 | 0.14 | 0.28 | 78 | S&P 500 | E vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for E, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The TJX Companies, Inc. (TJX) (Consumer Cyclical) with a 1Y correlation of -0.11, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The TJX Companies, Inc. | -0.11 | 0.04 | 0.16 | 81 | Consumer Cyclical | |
| Berkshire Hathaway Inc. | -0.04 | 0.11 | 0.27 | 61 | Financial Services | |
| Western Alliance Bancorporation | -0.02 | 0.12 | 0.25 | 52 | Financial Services | |
| Cencora Inc. | 0.00 | 0.02 | 0.14 | 50 | Healthcare | |
| Navitas Semiconductor Corporation | 0.01 | 0.08 | 0.13 | 62 | Technology |
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