Looking to balance out your exposure to ENR? The ETFs below have the lowest correlation with ENR — they tend to move on their own, which can help reduce risk when ENR drops. The stock ideas table highlights individual companies that behave independently from ENR.
Best Diversifiers for ENR
1 ETFs have low correlation with ENR (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.25, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.25 | 0.29 | 0.37 | 70 | S&P 500 | ENR vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ENR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ENR and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GE Vernova Inc. | -0.02 | — | — | 87 | Utilities | |
| Eaton Corporation plc | 0.17 | 0.18 | 0.29 | 67 | Industrials |
Build a portfolio that complements ENR
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