Looking to balance out your exposure to EAT? The ETFs below have the lowest correlation with EAT — they tend to move on their own, which can help reduce risk when EAT drops. The stock ideas table highlights individual companies that behave independently from EAT.
Best Diversifiers for EAT
7 ETFs have low correlation with EAT (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.07 | -0.03 | 100 | Ultrashort Bond | EAT vs SGOV | |
| Vanguard Information Technology ETF | 0.19 | 0.25 | 0.35 | 76 | Technology Equities | EAT vs VGT | |
| Invesco QQQ ETF | 0.21 | 0.25 | 0.36 | 73 | Nasdaq-100 | EAT vs QQQ | |
| ROBO Global Robotics & Automation Index ETF | 0.21 | 0.32 | 0.40 | 72 | Robotics, Technology Equities | EAT vs ROBO | |
| Invesco NASDAQ 100 ETF | 0.21 | 0.26 | 0.37 | 74 | Nasdaq-100 | EAT vs QQQM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EAT and solid risk/return profiles. The least correlated is Cenovus Energy Inc. (CVE) (Energy) with a 1Y correlation of -0.11, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cenovus Energy Inc. | -0.11 | 0.06 | 0.13 | 95 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.10 | 0.06 | 0.12 | 68 | Energy | |
| Hachijuni Bank Ltd ADR | -0.08 | -0.06 | -0.02 | 83 | Financial Services | |
| CareTrust REIT, Inc. | -0.06 | 0.08 | 0.17 | 82 | Real Estate | |
| CrowdStrike Holdings, Inc. | -0.05 | 0.14 | 0.23 | 70 | Technology |
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Build a portfolio that complements EAT
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