Looking to balance out your exposure to EGP? The ETFs below have the lowest correlation with EGP — they tend to move on their own, which can help reduce risk when EGP drops. The stock ideas table highlights individual companies that behave independently from EGP.
Best Diversifiers for EGP
5 ETFs have low correlation with EGP (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.08, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.08 | 0.23 | 0.21 | 63 | Energy Equities | EGP vs XLE | |
| Invesco S&P 500 Momentum ETF | 0.14 | 0.30 | 0.40 | 75 | Momentum, S&P 500 | EGP vs SPMO | |
| Invesco QQQ ETF | 0.16 | 0.28 | 0.40 | 73 | Nasdaq-100 | EGP vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.41 | 0.51 | 70 | S&P 500 | EGP vs SPY | |
| Vanguard S&P 500 ETF | 0.26 | 0.42 | 0.51 | 70 | S&P 500 | EGP vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EGP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EGP and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.01 | 0.08 | 0.23 | 78 | Technology | |
| Amazon.com, Inc | 0.08 | 0.19 | 0.30 | 60 | Consumer Cyclical | |
| British American Tobacco p.l.c. | 0.11 | 0.25 | 0.28 | 77 | Consumer Defensive | |
| UnitedHealth Group Incorporated | 0.13 | 0.12 | 0.24 | 61 | Healthcare | |
| Magna International Inc. | 0.28 | 0.39 | 0.39 | 91 | Consumer Cyclical |
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Build a portfolio that complements EGP
Add EGP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EGP