Looking to balance out your exposure to EADSY? The ETFs below have the lowest correlation with EADSY — they tend to move on their own, which can help reduce risk when EADSY drops. The stock ideas table highlights individual companies that behave independently from EADSY.
Best Diversifiers for EADSY
6 ETFs have low correlation with EADSY (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.20, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.20 | -0.03 | 0.10 | 74 | Commodities | EADSY vs PDBC | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.02 | -0.00 | 100 | Ultrashort Bond | EADSY vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.06 | 0.13 | 0.12 | 93 | Inflation-Protected Bonds | EADSY vs VTIP | |
| iShares 0-5 Year TIPS Bond ETF | 0.07 | 0.13 | 0.12 | 93 | Inflation-Protected Bonds | EADSY vs STIP | |
| Sprott Physical Silver Trust | 0.15 | 0.22 | 0.22 | 79 | Silver, Precious Metals | EADSY vs PSLV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EADSY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EADSY and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.20, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | -0.06 | 0.11 | 85 | Energy | |
| Altria Group, Inc. | -0.17 | -0.00 | 0.13 | 69 | Consumer Defensive | |
| Cenovus Energy Inc. | -0.13 | 0.05 | 0.18 | 95 | Energy | |
| Energy Transfer LP | -0.09 | 0.10 | 0.26 | 69 | Energy | |
| Kinder Morgan, Inc. | -0.06 | 0.10 | 0.25 | 60 | Energy |
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