Looking to balance out your exposure to ELPC? The ETFs below have the lowest correlation with ELPC — they tend to move on their own, which can help reduce risk when ELPC drops. The stock ideas table highlights individual companies that behave independently from ELPC.
No Diversifiers Found for ELPC
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 ELPC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ELPC and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.09, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.09 | -0.01 | -0.01 | 72 | Healthcare | |
| Walmart Inc. | -0.04 | 0.03 | 0.03 | 63 | Consumer Defensive | |
| AbbVie Inc. | -0.02 | — | — | 62 | Healthcare | |
| Atmos Energy Corporation | 0.04 | 0.10 | 0.10 | 60 | Utilities | |
| WEC Energy Group, Inc. | 0.04 | 0.10 | 0.10 | 50 | Utilities |
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