Looking to balance out your exposure to ED? The ETFs below have historically moved differently from ED, 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 ED
14 ETFs have low correlation with ED (below 0.3), 8 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.35, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.35 | -0.09 | 0.08 | 68 | S&P 500 | ED vs VOO | |
| State Street SPDR S&P 500 ETF | -0.35 | -0.09 | 0.08 | 67 | S&P 500 | ED vs SPY | |
| Vanguard Total Stock Market ETF | -0.34 | -0.08 | 0.08 | 67 | Large Cap Blend Equities | ED vs VTI | |
| Vanguard Total International Stock ETF | -0.26 | -0.02 | 0.09 | 71 | Global Equities | ED vs VXUS | |
| iShares Russell 2000 ETF | -0.23 | -0.01 | 0.09 | 79 | Small Cap Blend Equities | ED vs IWM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ED, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.41, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.41 | -0.30 | -0.12 | 67 | Technology | |
| NVIDIA Corporation | -0.37 | -0.30 | -0.15 | 56 | Technology | |
| Marvell Technology, Inc. | -0.34 | -0.26 | -0.12 | 87 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.32 | -0.26 | -0.14 | 87 | Technology | |
| Intel Corporation | -0.32 | -0.11 | -0.02 | 98 | Technology |
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Build a portfolio that complements ED
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