Looking to balance out your exposure to ELC? The ETFs below have the lowest correlation with ELC — they tend to move on their own, which can help reduce risk when ELC drops. The stock ideas table highlights individual companies that behave independently from ELC.
Best Diversifiers for ELC
0 ETFs have low correlation with ELC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.30, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.30 | 0.24 | 0.27 | 69 | Technology Equities | ELC vs VGT | |
| Vanguard S&P 500 ETF | 0.38 | 0.32 | 0.32 | 68 | S&P 500 | ELC vs VOO |
Diversification Analysis
Build a portfolio that complements ELC
Add ELC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ELC