Looking to balance out your exposure to EBAY? The ETFs below have historically moved differently from EBAY, 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 EBAY
15 ETFs have low correlation with EBAY (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 -0.05, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.05 | 0.01 | 0.07 | 70 | Commodities | EBAY vs PDBC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.04 | 0.01 | 0.08 | 61 | Commodities | EBAY vs GSG | |
| iShares 0-1 Year Treasury Bond ETF | 0.10 | 0.04 | 0.06 | 100 | Government Bonds, Ultrashort Bond | EBAY vs SHV | |
| VanEck Semiconductor ETF | 0.10 | 0.14 | 0.32 | 88 | Semiconductors, Technology Equities | EBAY vs SMH | |
| iShares National AMT-Free Muni Bond ETF | 0.15 | 0.13 | 0.14 | 59 | Municipal Bonds | EBAY vs MUB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EBAY, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.07, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.07 | 0.09 | 0.15 | 79 | Energy | |
| Exxon Mobil Corporation | -0.06 | 0.09 | 0.15 | 85 | Energy | |
| JSC National Atomic Company Kazatomprom | -0.05 | 0.05 | — | 77 | Energy | |
| Welltower Inc. | -0.04 | 0.15 | 0.20 | 88 | Real Estate | |
| EOG Resources, Inc. | -0.04 | 0.05 | 0.12 | 73 | Energy |
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