Looking to balance out your exposure to ENTG? The ETFs below have the lowest correlation with ENTG — they tend to move on their own, which can help reduce risk when ENTG drops. The stock ideas table highlights individual companies that behave independently from ENTG.
Best Diversifiers for ENTG
0 ETFs have low correlation with ENTG (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.53, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.53 | 0.62 | 0.67 | 74 | S&P 500 | ENTG vs SPY | |
| Vanguard S&P 500 ETF | 0.53 | 0.62 | 0.67 | 74 | S&P 500 | ENTG vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ENTG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ENTG and solid risk/return profiles. The least correlated is Merck KGaA (MKGAF) (Healthcare) with a 1Y correlation of 0.18, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Merck KGaA | 0.18 | 0.17 | 0.16 | 56 | Healthcare | |
| Linde plc | 0.18 | 0.29 | 0.40 | 53 | Basic Materials | |
| Roku, Inc. | 0.26 | 0.32 | 0.41 | 80 | Communication Services | |
| Daqo New Energy Corp. | 0.28 | 0.34 | 0.34 | 53 | Technology | |
| Apple Inc | 0.30 | 0.35 | 0.46 | 90 | Technology |
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