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
16 ETFs have low correlation with ED (below 0.3), 11 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.45, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.45 | -0.24 | -0.05 | 58 | Nasdaq-100 | ED vs QQQ | |
| NEOS Nasdaq-100 High Income ETF | -0.44 | — | — | 56 | Nasdaq-100, Derivative Income | ED vs QQQI | |
| Invesco S&P 500 Momentum ETF | -0.38 | -0.18 | 0.01 | 62 | Momentum, S&P 500 | ED vs SPMO | |
| Vanguard S&P 500 ETF | -0.33 | -0.08 | 0.09 | 66 | S&P 500 | ED vs VOO | |
| State Street SPDR S&P 500 ETF | -0.33 | -0.08 | 0.09 | 66 | S&P 500 | ED vs SPY |
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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 -0.41, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.41 | -0.30 | -0.15 | 65 | Technology | |
| Broadcom Inc. | -0.35 | -0.24 | -0.09 | 71 | Technology | |
| Marvell Technology, Inc. | -0.33 | -0.24 | -0.12 | 94 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.32 | -0.26 | -0.14 | 92 | Technology | |
| CrowdStrike Holdings, Inc. | -0.32 | -0.24 | -0.13 | 77 | Technology |
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Build a portfolio that complements ED
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