Looking to diversify beyond EDV? The ETFs below have the lowest correlation with EDV — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from EDV.
Best Diversifiers for EDV
1731 ETFs have low correlation with EDV (below 0.3), 122 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.39, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.39 | -0.22 | -0.19 | 71 | Oil & Gas | EDV vs DBE | |
| ProShares UltraShort Yen | -0.38 | -0.40 | -0.41 | 61 | Leveraged Currency | EDV vs YCS | |
| United States Gasoline Fund LP | -0.38 | -0.19 | -0.16 | 69 | Oil & Gas | EDV vs UGA | |
| Defiance Oil Enhanced Options Income ETF | -0.37 | — | — | 56 | Derivative Income | EDV vs USOY | |
| Invesco DB Oil Fund | -0.37 | -0.20 | -0.19 | 65 | Oil & Gas | EDV vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EDV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EDV and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.21, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.21 | -0.10 | -0.14 | 76 | Energy | |
| Chevron Corporation | -0.20 | -0.07 | -0.13 | 83 | Energy | |
| Exxon Mobil Corporation | -0.18 | -0.06 | -0.12 | 85 | Energy | |
| BP p.l.c. | -0.17 | -0.08 | -0.15 | 87 | Energy | |
| Energy Transfer LP | -0.17 | -0.04 | -0.09 | 69 | Energy |
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Build a portfolio that complements EDV
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