Looking to balance out your exposure to EHC? The ETFs below have the lowest correlation with EHC — they tend to move on their own, which can help reduce risk when EHC drops. The stock ideas table highlights individual companies that behave independently from EHC.
Best Diversifiers for EHC
3 ETFs have low correlation with EHC (below 0.3), 2 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.07, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.07 | 0.10 | 0.20 | 94 | Semiconductors, Technology Equities | EHC vs SMH | |
| iShares U.S. Technology ETF | -0.05 | 0.13 | 0.23 | 64 | Technology Equities | EHC vs IYW | |
| State Street SPDR S&P 500 ETF | 0.08 | 0.28 | 0.36 | 67 | S&P 500 | EHC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EHC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EHC and solid risk/return profiles. The least correlated is Pampa Energía S.A. (PAM) (Utilities) with a 1Y correlation of -0.18, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pampa Energía S.A. | -0.18 | 0.00 | 0.10 | 58 | Utilities | |
| AbbVie Inc. | 0.06 | 0.19 | 0.22 | 77 | Healthcare | |
| Seneca Foods Corporation | 0.08 | 0.09 | 0.15 | 89 | Consumer Defensive | |
| Verizon Communications Inc. | 0.09 | 0.17 | 0.24 | 54 | Communication Services | |
| Lockheed Martin Corporation | 0.11 | 0.19 | 0.20 | 60 | Industrials |
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