Looking to balance out your exposure to EH? The ETFs below have the lowest correlation with EH — they tend to move on their own, which can help reduce risk when EH drops. The stock ideas table highlights individual companies that behave independently from EH.
Best Diversifiers for EH
0 ETFs have low correlation with EH (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 0.45, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.45 | 0.39 | 0.40 | 70 | S&P 500 | EH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EH and solid risk/return profiles. The least correlated is Carpenter Technology Corporation (CRS) (Industrials) with a 1Y correlation of 0.16, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Carpenter Technology Corporation | 0.16 | 0.23 | 0.29 | 88 | Industrials | |
| AppLovin Corporation | 0.20 | 0.23 | 0.31 | 59 | Technology | |
| Applied Optoelectronics, Inc. | 0.32 | 0.29 | 0.33 | 98 | Technology | |
| IonQ, Inc. | 0.43 | 0.37 | 0.38 | 64 | Technology | |
| Rigetti Computing Inc | 0.45 | 0.40 | 0.32 | 68 | Technology |
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