Looking to balance out your exposure to EGP? The ETFs below have historically moved differently from EGP, 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 EGP
6 ETFs have low correlation with EGP (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.17, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.17 | -0.03 | 0.04 | 70 | Commodities | EGP vs PDBC | |
| State Street Energy Select Sector SPDR ETF | 0.04 | 0.20 | 0.21 | 75 | Energy Equities | EGP vs XLE | |
| Invesco S&P 500 Momentum ETF | 0.09 | 0.27 | 0.38 | 51 | Momentum, S&P 500 | EGP vs SPMO | |
| Invesco QQQ ETF | 0.11 | 0.22 | 0.34 | 58 | Nasdaq-100 | EGP vs QQQ | |
| Vanguard S&P 500 ETF | 0.22 | 0.40 | 0.50 | 78 | S&P 500 | EGP vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EGP, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.01 | 0.07 | 0.23 | 61 | Technology | |
| British American Tobacco p.l.c. | 0.12 | 0.24 | 0.27 | 64 | Consumer Defensive | |
| ONEOK, Inc. | 0.13 | 0.26 | 0.33 | 64 | Energy | |
| Amazon.com, Inc | 0.15 | 0.18 | 0.27 | 72 | Consumer Cyclical | |
| UnitedHealth Group Incorporated | 0.17 | 0.16 | 0.24 | 88 | Healthcare |
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