Looking to balance out your exposure to EE? The ETFs below have the lowest correlation with EE — they tend to move on their own, which can help reduce risk when EE drops. The stock ideas table highlights individual companies that behave independently from EE.
Best Diversifiers for EE
2 ETFs have low correlation with EE (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.17, roughly unchanged from 0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.17 | 0.26 | — | 63 | S&P 500 | EE vs SPY | |
| Vanguard S&P 500 ETF | 0.17 | 0.25 | — | 63 | S&P 500 | EE vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EE and solid risk/return profiles. The least correlated is Kinetik Holdings Inc (KNTK) (Energy) with a 1Y correlation of 0.29, roughly unchanged from 0.35 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinetik Holdings Inc | 0.29 | 0.35 | — | 61 | Energy |
Build a portfolio that complements EE
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