Looking to balance out your exposure to EE? The ETFs below have historically moved differently from EE, 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 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 0.18, roughly unchanged from 0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.18 | 0.25 | — | 72 | S&P 500 | EE vs SPY | |
| Vanguard S&P 500 ETF | 0.19 | 0.25 | — | 72 | S&P 500 | EE vs VOO | |
| State Street Energy Select Sector SPDR ETF | 0.34 | 0.41 | — | 69 | Energy Equities | EE vs XLE |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EE, 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 Kinetik Holdings Inc (KNTK) (Energy) with a 1Y correlation of 0.25, roughly unchanged from 0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinetik Holdings Inc | 0.25 | 0.35 | — | 60 | Energy | |
| NextEra Energy, Inc. | 0.26 | 0.21 | — | 77 | Utilities | |
| Enbridge Inc. | 0.27 | 0.33 | — | 78 | Energy | |
| TC Energy Corporation | 0.30 | 0.31 | — | 92 | Energy | |
| ONEOK, Inc. | 0.33 | 0.40 | — | 62 | Energy |
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