Looking to balance out your exposure to ELTK? The ETFs below have historically moved differently from ELTK, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.22, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.22 | 0.13 | 0.13 | 87 | Semiconductors, Technology Equities | ELTK vs SMH |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ELTK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | -0.01 | 0.05 | 0.08 | 89 | Technology | |
| Eni S.p.A. | 0.00 | -0.00 | 0.03 | 94 | Energy | |
| NVIDIA Corporation | 0.13 | 0.07 | 0.11 | 56 | Technology | |
| Allient Inc. | 0.17 | 0.14 | 0.12 | 92 | Technology |
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