Looking to balance out your exposure to ELEZY? The ETFs below have historically moved differently from ELEZY, 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 ELEZY
2 ETFs have low correlation with ELEZY (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Indxx Innovative Transaction & Process ETF (LEGR) (Blockchain) with a 1Y correlation of 0.11, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Indxx Innovative Transaction & Process... | 0.11 | 0.15 | 0.23 | 66 | Blockchain | ELEZY vs LEGR | |
| WisdomTree International Al Enhanced Value Fund | 0.24 | 0.30 | 0.35 | 82 | Foreign Large Cap Equities | ELEZY vs AIVI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ELEZY, 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 Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.07, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.07 | -0.04 | 0.02 | 98 | Energy | |
| Ascendis Pharma A/S | -0.06 | -0.01 | 0.04 | 71 | Healthcare | |
| Ondas Holdings Inc. | -0.02 | 0.02 | 0.02 | 84 | Technology | |
| AXIS Capital Holdings Limited | -0.02 | 0.07 | 0.13 | 59 | Financial Services | |
| DigitalOcean Holdings, Inc. | -0.01 | 0.01 | 0.04 | 96 | Technology |
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