Looking to balance out your exposure to ELEZY? The ETFs below have the lowest correlation with ELEZY — they tend to move on their own, which can help reduce risk when ELEZY drops. The stock ideas table highlights individual companies that behave independently from ELEZY.
Best Diversifiers for ELEZY
1 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 0.13, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Indxx Innovative Transaction & Process... | 0.13 | 0.17 | 0.24 | 64 | Blockchain | ELEZY vs LEGR |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ELEZY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ELEZY and solid risk/return profiles. The least correlated is Ascendis Pharma A/S (ASND) (Healthcare) with a 1Y correlation of -0.08, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ascendis Pharma A/S | -0.08 | -0.01 | 0.03 | 65 | Healthcare | |
| Kratos Defense & Security Solutions, Inc. | 0.00 | 0.09 | 0.15 | 60 | Industrials | |
| Hycroft Mining Holding Corporation | 0.05 | 0.07 | 0.11 | 97 | Basic Materials | |
| Applied Digital Corporation | 0.06 | 0.06 | 0.06 | 92 | Financial Services | |
| Advantest Corp DRC | 0.08 | 0.04 | 0.10 | 94 | Technology |
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