Looking to balance out your exposure to EHC? The ETFs below have historically moved differently from EHC, 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 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 -0.09, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.09 | 0.09 | 0.19 | 87 | Semiconductors, Technology Equities | EHC vs SMH | |
| iShares U.S. Technology ETF | -0.06 | 0.12 | 0.23 | 51 | Technology Equities | EHC vs IYW | |
| State Street SPDR S&P 500 ETF | 0.06 | 0.28 | 0.36 | 67 | S&P 500 | EHC vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EHC, 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 Pampa Energía S.A. (PAM) (Utilities) with a 1Y correlation of -0.21, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pampa Energía S.A. | -0.21 | -0.01 | 0.09 | 57 | Utilities | |
| Seneca Foods Corporation | 0.05 | 0.09 | 0.15 | 84 | Consumer Defensive | |
| Lockheed Martin Corporation | 0.09 | 0.19 | 0.19 | 80 | Industrials | |
| AbbVie Inc. | 0.09 | 0.20 | 0.20 | 81 | Healthcare | |
| Pfizer Inc. | 0.12 | 0.14 | 0.17 | 64 | Healthcare |
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