Looking to balance out your exposure to ELA? The ETFs below have the lowest correlation with ELA — they tend to move on their own, which can help reduce risk when ELA drops. The stock ideas table highlights individual companies that behave independently from ELA.
Best Diversifiers for ELA
5 ETFs have low correlation with ELA (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Corporate Bond ETF (VCSH) (Corporate Bonds) with a 1Y correlation of 0.20, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF | 0.20 | 0.12 | 0.11 | 74 | Corporate Bonds | ELA vs VCSH | |
| VanEck Semiconductor ETF | 0.20 | 0.17 | 0.20 | 96 | Semiconductors, Technology Equities | ELA vs SMH | |
| iShares Semiconductor ETF | 0.20 | 0.19 | 0.21 | 97 | Semiconductors, Technology Equities | ELA vs SOXX | |
| First Trust Nasdaq Clean Edge Smart GRID Infrastru... | 0.23 | 0.27 | 0.27 | 79 | Alternative Energy Equities | ELA vs GRID | |
| ProShares Ultra QQQ | 0.26 | 0.25 | 0.24 | 69 | Leveraged Equities | ELA vs QLD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ELA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ELA and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.21, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.21 | -0.02 | 0.03 | 85 | Energy | |
| UL Solutions Inc | 0.01 | 0.03 | 0.03 | 71 | Industrials | |
| Accelleron Industries AG ADR | 0.02 | 0.09 | — | 87 | Industrials | |
| Liberty Oilfield Services Inc. | 0.04 | 0.14 | 0.11 | 91 | Energy | |
| United Therapeutics Corporation | 0.04 | 0.06 | 0.05 | 86 | Healthcare |
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