Looking to balance out your exposure to ELF? The ETFs below have the lowest correlation with ELF — they tend to move on their own, which can help reduce risk when ELF drops. The stock ideas table highlights individual companies that behave independently from ELF.
Best Diversifiers for ELF
5 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 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.16 | 0.23 | 0.32 | 85 | Dividend | ELF vs SCHD | |
| Vanguard Information Technology ETF | 0.23 | 0.34 | 0.41 | 76 | Technology Equities | ELF vs VGT | |
| State Street Technology Select Sector SPDR ETF | 0.24 | 0.32 | 0.40 | 82 | Technology Equities | ELF vs XLK | |
| VanEck Semiconductor ETF | 0.26 | 0.34 | 0.39 | 96 | Semiconductors, Technology Equities | ELF vs SMH | |
| Invesco NASDAQ 100 ETF | 0.30 | 0.37 | 0.43 | 75 | Nasdaq-100 | ELF vs QQQM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ELF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ELF and solid risk/return profiles. The least correlated is Ventas, Inc. (VTR) (Real Estate) with a 1Y correlation of -0.15, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ventas, Inc. | -0.15 | -0.03 | 0.10 | 81 | Real Estate | |
| PPL Corporation | -0.01 | -0.00 | 0.10 | 50 | Utilities | |
| The Ensign Group, Inc. | 0.03 | 0.13 | 0.22 | 51 | Healthcare | |
| Lantheus Holdings, Inc. | 0.04 | 0.14 | 0.22 | 58 | Healthcare | |
| Merck & Co., Inc. | 0.04 | 0.10 | 0.10 | 90 | Healthcare |
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Build a portfolio that complements ELF
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