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
14 ETFs have low correlation with E (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.01, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.01 | 0.08 | 0.20 | 61 | Nasdaq-100 | E vs QQQ | |
| State Street Technology Select Sector SPDR ETF | 0.01 | 0.09 | 0.20 | 66 | Technology Equities | E vs XLK | |
| State Street SPDR S&P 500 ETF | 0.02 | 0.15 | 0.29 | 66 | S&P 500 | E vs SPY | |
| Vanguard S&P 500 ETF | 0.02 | 0.15 | 0.29 | 67 | S&P 500 | E vs VOO | |
| Vanguard Total Stock Market ETF | 0.02 | 0.16 | 0.30 | 67 | Large Cap Blend Equities | E vs VTI |
To view more results, upgrade your current subscription plan.
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 -0.04, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The TJX Companies, Inc. | -0.04 | 0.06 | 0.18 | 79 | Consumer Cyclical | |
| Navitas Semiconductor Corporation | 0.02 | 0.09 | 0.13 | 77 | Technology | |
| AbbVie Inc. | 0.03 | 0.07 | 0.12 | 78 | Healthcare | |
| Caterpillar Inc. | 0.03 | 0.22 | 0.36 | 97 | Industrials | |
| Comfort Systems USA, Inc. | 0.05 | 0.10 | 0.19 | 98 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements E
Add E to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with E