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 0.15, down from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.15 | 0.25 | — | 70 | S&P 500 | EE vs SPY | |
| Vanguard S&P 500 ETF | 0.15 | 0.25 | — | 70 | S&P 500 | EE vs VOO | |
| State Street Energy Select Sector SPDR ETF | 0.32 | 0.43 | — | 63 | Energy Equities | EE vs XLE |
Diversification Analysis
Build a portfolio that complements EE
Add EE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EE