Looking to balance out your exposure to ELS? The ETFs below have the lowest correlation with ELS — they tend to move on their own, which can help reduce risk when ELS drops. The stock ideas table highlights individual companies that behave independently from ELS.
Best Diversifiers for ELS
3 ETFs have low correlation with ELS (below 0.3), 3 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of -0.12, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -0.12 | -0.04 | 0.14 | 96 | Semiconductors, Technology Equities | ELS vs SOXX | |
| State Street SPDR S&P 500 ETF | -0.03 | 0.14 | 0.33 | 74 | S&P 500 | ELS vs SPY | |
| Vanguard S&P 500 ETF | -0.03 | 0.14 | 0.33 | 74 | S&P 500 | ELS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ELS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ELS and solid risk/return profiles. The least correlated is Equinix, Inc. (EQIX) (Real Estate) with a 1Y correlation of 0.24, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinix, Inc. | 0.24 | 0.35 | 0.47 | 64 | Real Estate | |
| Terreno Realty Corporation | 0.41 | 0.48 | 0.59 | 65 | Real Estate | |
| Prologis, Inc. | 0.42 | 0.48 | 0.59 | 86 | Real Estate |
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