Looking to balance out your exposure to ELV? The ETFs below have the lowest correlation with ELV — they tend to move on their own, which can help reduce risk when ELV drops. The stock ideas table highlights individual companies that behave independently from ELV.
Best Diversifiers for ELV
240 ETFs have low correlation with ELV (below 0.3), 16 of which are negatively correlated. The least correlated is Vanguard Ultra-Short Bond ETF (VUSB) (Ultrashort Bond) with a 1Y correlation of -0.06, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Ultra-Short Bond ETF | -0.06 | 0.00 | 0.00 | 98 | Ultrashort Bond | ELV vs VUSB | |
| WisdomTree Floating Rate Treasury Fund | -0.06 | 0.04 | 0.00 | 100 | Government Bonds, Ultrashort Bond | ELV vs USFR | |
| ProShares Ultra Bloomberg Crude Oil | -0.05 | -0.06 | 0.03 | 54 | Leveraged Commodities | ELV vs UCO | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.04 | -0.03 | -0.03 | 100 | Ultrashort Bond | ELV vs VBIL | |
| United States Oil Fund LP | -0.04 | -0.05 | 0.03 | 66 | Oil & Gas | ELV vs USO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ELV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ELV and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Technology) with a 1Y correlation of -0.12, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | -0.12 | -0.08 | 0.01 | 59 | Technology | |
| International Seaways, Inc. | -0.09 | -0.03 | 0.05 | 95 | Energy | |
| Applied Digital Corporation | -0.07 | -0.03 | 0.00 | 92 | Financial Services | |
| GE Vernova Inc. | -0.06 | -0.01 | -0.01 | 87 | Utilities | |
| Broadcom Inc. | -0.05 | -0.02 | 0.08 | 84 | Technology |
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Build a portfolio that complements ELV
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