Looking to balance out your exposure to ELEV? The ETFs below have the lowest correlation with ELEV — they tend to move on their own, which can help reduce risk when ELEV drops. The stock ideas table highlights individual companies that behave independently from ELEV.
No Diversifiers Found for ELEV
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ELEV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ELEV and solid risk/return profiles. The least correlated is IDEAYA Biosciences, Inc. (IDYA) (Healthcare) with a 1Y correlation of 0.15, roughly unchanged from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IDEAYA Biosciences, Inc. | 0.15 | 0.18 | — | 62 | Healthcare |
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