Looking to balance out your exposure to ENGIY? The ETFs below have the lowest correlation with ENGIY — they tend to move on their own, which can help reduce risk when ENGIY drops. The stock ideas table highlights individual companies that behave independently from ENGIY.
Best Diversifiers for ENGIY
0 ETFs have low correlation with ENGIY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE Developed Markets ETF (VEA) (Foreign Large Cap Equities) with a 1Y correlation of 0.39, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Developed Markets ETF | 0.39 | 0.40 | 0.49 | 61 | Foreign Large Cap Equities | ENGIY vs VEA |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ENGIY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ENGIY and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.16, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.16 | 0.02 | 0.11 | 84 | Energy | |
| Valero Energy Corporation | -0.13 | -0.04 | 0.10 | 94 | Energy | |
| EchoStar Corporation | -0.01 | 0.08 | 0.16 | 99 | Technology | |
| Lockheed Martin Corporation | 0.00 | 0.10 | 0.14 | 51 | Industrials | |
| AbbVie Inc. | 0.02 | 0.05 | 0.12 | 68 | Healthcare |
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