Looking to diversify beyond EDV? The ETFs below have historically moved differently from EDV, 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 EDV
1877 ETFs have low correlation with EDV (below 0.3), 130 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.41, down from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.41 | -0.24 | -0.19 | 66 | Oil & Gas | EDV vs DBE | |
| Invesco DB Oil Fund | -0.39 | -0.22 | -0.19 | 51 | Oil & Gas | EDV vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.37 | -0.20 | -0.15 | 61 | Commodities | EDV vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.37 | -0.21 | -0.17 | 56 | Commodities | EDV vs COMT | |
| United States Gasoline Fund, LP | -0.37 | -0.20 | -0.16 | 83 | Oil & Gas | EDV vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EDV, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.31, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.31 | -0.13 | -0.15 | 73 | Energy | |
| BP p.l.c. | -0.27 | -0.14 | -0.16 | 83 | Energy | |
| Chevron Corporation | -0.27 | -0.10 | -0.13 | 79 | Energy | |
| Devon Energy Corporation | -0.26 | -0.11 | -0.13 | 78 | Energy | |
| Exxon Mobil Corporation | -0.25 | -0.08 | -0.13 | 85 | Energy |
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