Looking to balance out your exposure to EFX? The ETFs below have historically moved differently from EFX, 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 EFX
2 ETFs have low correlation with EFX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.06, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.06 | 0.30 | 0.47 | 58 | Nasdaq-100 | EFX vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.20 | 0.41 | 0.55 | 78 | S&P 500 | EFX vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EFX, 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 Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.15, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.15 | 0.12 | 0.28 | 94 | Technology | |
| NVIDIA Corporation | -0.14 | 0.11 | 0.30 | 61 | Technology | |
| ASML Holding N.V. | -0.07 | 0.20 | 0.36 | 96 | Technology | |
| Keysight Technologies, Inc. | -0.07 | 0.27 | 0.41 | 95 | Technology | |
| General Electric Company | 0.06 | 0.21 | 0.32 | 76 | Industrials |
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