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
1683 ETFs have low correlation with EDV (below 0.3), 111 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.38, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.38 | -0.23 | -0.19 | 57 | Oil & Gas | EDV vs DBE | |
| United States Gasoline Fund LP | -0.38 | -0.20 | -0.16 | 82 | Oil & Gas | EDV vs UGA | |
| ProShares UltraShort Yen | -0.36 | -0.40 | -0.41 | 72 | Leveraged Currency | EDV vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.35 | -0.17 | -0.16 | 56 | Commodities | EDV vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.35 | -0.19 | -0.17 | 52 | Commodities | EDV vs COMT |
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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 -0.27, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.27 | -0.11 | -0.15 | 66 | Energy | |
| Chevron Corporation | -0.23 | -0.08 | -0.13 | 73 | Energy | |
| BP p.l.c. | -0.23 | -0.11 | -0.16 | 78 | Energy | |
| Devon Energy Corporation | -0.23 | -0.09 | -0.13 | 73 | Energy | |
| Exxon Mobil Corporation | -0.22 | -0.07 | -0.13 | 76 | Energy |
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Build a portfolio that complements EDV
Add EDV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EDV