Looking to balance out your exposure to ELC? The ETFs below have historically moved differently from ELC, 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 ELC
1 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 0.29, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.29 | 0.25 | 0.27 | 52 | Technology Equities | ELC vs VGT | |
| Vanguard S&P 500 ETF | 0.39 | 0.33 | 0.33 | 68 | S&P 500 | ELC vs VOO |
Diversification Analysis
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