Looking to balance out your exposure to EDPFY? The ETFs below have the lowest correlation with EDPFY — they tend to move on their own, which can help reduce risk when EDPFY drops. The stock ideas table highlights individual companies that behave independently from EDPFY.
Best Diversifiers for EDPFY
5 ETFs have low correlation with EDPFY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Total Stock Market ETF (VTI) (Large Cap Blend Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF | 0.20 | 0.17 | 0.27 | 73 | Large Cap Blend Equities | EDPFY vs VTI | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.23 | 0.12 | — | 76 | Nasdaq-100, Derivative Income | EDPFY vs JEPQ | |
| Global X Russell 2000 Covered Call ETF | 0.24 | 0.20 | 0.27 | 69 | Hedge Fund | EDPFY vs RYLD | |
| Vanguard Emerging Markets Government Bond ETF | 0.26 | 0.35 | 0.33 | 61 | Emerging Markets Bonds | EDPFY vs VWOB | |
| iShares MSCI World ETF | 0.27 | 0.24 | 0.32 | 67 | Global Equities | EDPFY vs URTH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EDPFY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EDPFY and solid risk/return profiles. The least correlated is Huntington Ingalls Industries, Inc (HII) (Industrials) with a 1Y correlation of -0.01, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Huntington Ingalls Industries, Inc | -0.01 | 0.07 | 0.10 | 66 | Industrials | |
| Alphabet Inc. Class A | 0.05 | 0.03 | 0.13 | 96 | Communication Services | |
| Repsol SA | 0.07 | 0.12 | 0.15 | 95 | Energy | |
| Black Hills Corporation | 0.12 | 0.24 | 0.27 | 81 | Utilities | |
| argenx SE | 0.16 | 0.13 | 0.17 | 77 | Healthcare |
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