Looking to balance out your exposure to ELF? The ETFs below have historically moved differently from ELF, 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 ELF
4 ETFs have low correlation with ELF (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.15, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.15 | 0.23 | 0.31 | 95 | Dividend | ELF vs SCHD | |
| State Street Technology Select Sector SPDR ETF | 0.21 | 0.30 | 0.39 | 55 | Technology Equities | ELF vs XLK | |
| Vanguard Information Technology ETF | 0.21 | 0.32 | 0.40 | 52 | Technology Equities | ELF vs VGT | |
| VanEck Semiconductor ETF | 0.22 | 0.32 | 0.38 | 87 | Semiconductors, Technology Equities | ELF vs SMH | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.39 | 0.45 | 67 | S&P 500 | ELF vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ELF, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.12, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.12 | 0.02 | 0.07 | 70 | Energy | |
| Ventas, Inc. | -0.09 | -0.01 | 0.09 | 91 | Real Estate | |
| Arch Capital Group Ltd. | -0.08 | 0.02 | 0.14 | 67 | Financial Services | |
| Merck & Co., Inc. | -0.01 | 0.08 | 0.09 | 96 | Healthcare | |
| Energy Transfer LP | 0.00 | 0.10 | 0.14 | 81 | Energy |
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