Looking to balance out your exposure to EDIT? The ETFs below have the lowest correlation with EDIT — they tend to move on their own, which can help reduce risk when EDIT drops. The stock ideas table highlights individual companies that behave independently from EDIT.
Best Diversifiers for EDIT
3 ETFs have low correlation with EDIT (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab Short-Term U.S. Treasury ETF (SCHO) (Government Bonds) with a 1Y correlation of 0.20, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Short-Term U.S. Treasury ETF | 0.20 | 0.12 | 0.10 | 81 | Government Bonds, Short-Term Bond | EDIT vs SCHO | |
| Schwab U.S. Dividend Equity ETF | 0.23 | 0.32 | 0.34 | 80 | Dividend | EDIT vs SCHD | |
| Invesco S&P 500 Top 50 ETF | 0.27 | 0.27 | 0.37 | 56 | S&P 500 | EDIT vs XLG | |
| Invesco QQQ ETF | 0.31 | 0.30 | 0.40 | 73 | Nasdaq-100 | EDIT vs QQQ | |
| NEOS S&P 500 High Income ETF | 0.35 | 0.33 | — | 71 | Derivative Income, S&P 500 | EDIT vs SPYI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EDIT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EDIT and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.15, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.15 | 0.00 | 0.06 | 85 | Energy | |
| Chevron Corporation | -0.07 | 0.03 | 0.08 | 83 | Energy | |
| ConocoPhillips Company | -0.05 | 0.03 | 0.07 | 76 | Energy | |
| Walmart Inc. | -0.04 | 0.07 | 0.11 | 63 | Consumer Defensive | |
| British American Tobacco p.l.c. | 0.05 | 0.10 | 0.09 | 77 | Consumer Defensive |
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Build a portfolio that complements EDIT
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