Looking to balance out your exposure to ED? The ETFs below have the lowest correlation with ED — they tend to move on their own, which can help reduce risk when ED drops. The stock ideas table highlights individual companies that behave independently from ED.
Best Diversifiers for ED
15 ETFs have low correlation with ED (below 0.3), 12 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NEOS Nasdaq-100 High Income ETF | -0.39 | — | — | 53 | Nasdaq-100, Derivative Income | ED vs QQQI | |
| Invesco QQQ ETF | -0.36 | -0.18 | -0.04 | 59 | Nasdaq-100 | ED vs QQQ | |
| Invesco S&P 500 Momentum ETF | -0.32 | -0.15 | 0.02 | 68 | Momentum, S&P 500 | ED vs SPMO | |
| State Street SPDR S&P 500 ETF | -0.29 | -0.07 | 0.10 | 59 | S&P 500 | ED vs SPY | |
| Vanguard S&P 500 ETF | -0.28 | -0.06 | 0.10 | 59 | S&P 500 | ED vs VOO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ED, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ED and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.39, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.39 | -0.28 | -0.15 | 72 | Technology | |
| Broadcom Inc. | -0.35 | -0.27 | -0.10 | 72 | Technology | |
| Amazon.com, Inc | -0.32 | -0.22 | -0.07 | 54 | Consumer Cyclical | |
| CrowdStrike Holdings, Inc. | -0.30 | -0.24 | -0.13 | 65 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.29 | -0.24 | -0.14 | 93 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ED
Add ED to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ED