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.
Best Diversifiers for ELPC
1 ETFs have low correlation with ELPC (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin International Low Volatility High Dividen... | 0.29 | — | — | 95 | Volatility Hedged Equity, Dividend | ELPC vs LVHI | |
| First Trust RBA American Industrial Renaissance ET... | 0.31 | 0.21 | 0.21 | 69 | Building & Construction | ELPC vs AIRR | |
| Invesco S&P 500 Momentum ETF | 0.32 | — | — | 65 | Momentum, S&P 500 | ELPC vs SPMO | |
| State Street Technology Select Sector SPDR ETF | 0.32 | — | — | 66 | Technology Equities | ELPC vs XLK | |
| iShares Currency Hedged MSCI EAFE Small Cap ETF | 0.34 | — | — | 76 | Foreign Small & Mid Cap Equities | ELPC vs HSCZ |
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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 -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.09 | -0.00 | -0.00 | 78 | Healthcare | |
| W. R. Berkley Corporation | -0.06 | 0.04 | 0.04 | 54 | Financial Services | |
| Walmart Inc. | -0.06 | — | — | 69 | Consumer Defensive | |
| The Allstate Corporation | -0.03 | — | — | 81 | Financial Services | |
| AbbVie Inc. | -0.03 | — | — | 78 | Healthcare |
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