Looking to balance out your exposure to EGY? The ETFs below have the lowest correlation with EGY — they tend to move on their own, which can help reduce risk when EGY drops. The stock ideas table highlights individual companies that behave independently from EGY.
Best Diversifiers for EGY
7 ETFs have low correlation with EGY (below 0.3), 3 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of -0.07, down from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | -0.07 | 0.06 | — | 76 | Nasdaq-100, Derivative Income | EGY vs JEPQ | |
| Vanguard Total Stock Market ETF | -0.05 | 0.16 | 0.26 | 73 | Large Cap Blend Equities | EGY vs VTI | |
| VanEck Semiconductor ETF | -0.01 | 0.10 | 0.19 | 96 | Semiconductors, Technology Equities | EGY vs SMH | |
| Vanguard Dividend Appreciation ETF | 0.03 | 0.19 | 0.23 | 60 | Dividend | EGY vs VIG | |
| WisdomTree Japan Hedged Equity Fund | 0.04 | 0.16 | 0.23 | 90 | Japan Equities | EGY vs DXJ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EGY and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of -0.17, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | -0.17 | 0.01 | 0.11 | 90 | Technology | |
| NVIDIA Corporation | -0.07 | 0.04 | 0.14 | 80 | Technology | |
| Napco Security Technologies, Inc. | -0.06 | 0.06 | 0.11 | 62 | Industrials | |
| Barrick Mining Corporation | -0.04 | 0.13 | 0.18 | 89 | Basic Materials | |
| Alphabet Inc. Class A | -0.04 | 0.06 | 0.15 | 96 | Communication Services |
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Build a portfolio that complements EGY
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