Looking to balance out your exposure to ELTK? The ETFs below have the lowest correlation with ELTK — they tend to move on their own, which can help reduce risk when ELTK drops. The stock ideas table highlights individual companies that behave independently from ELTK.
Best Diversifiers for ELTK
1 ETFs have low correlation with ELTK (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.11, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.11 | 0.10 | 0.13 | 96 | Semiconductors, Technology Equities | ELTK vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ELTK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ELTK and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of -0.03, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | -0.03 | 0.05 | 0.08 | 90 | Technology | |
| Eni S.p.A. | 0.03 | -0.01 | 0.03 | 97 | Energy | |
| NVIDIA Corporation | 0.04 | 0.05 | 0.10 | 80 | Technology | |
| Allient Inc. | 0.08 | 0.12 | 0.10 | 95 | Technology |
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