Looking to balance out your exposure to EONGY? The ETFs below have the lowest correlation with EONGY — they tend to move on their own, which can help reduce risk when EONGY drops. The stock ideas table highlights individual companies that behave independently from EONGY.
Best Diversifiers for EONGY
2 ETFs have low correlation with EONGY (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro S&P 500 (UPRO) (Leveraged Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro S&P 500 | 0.20 | 0.17 | 0.26 | 66 | Leveraged Equities, S&P 500 | EONGY vs UPRO | |
| iShares MSCI Emerging Markets ETF | 0.26 | 0.26 | 0.30 | 79 | Emerging Markets Diversified | EONGY vs EEM | |
| Schwab International Small-Cap Equity ETF | 0.35 | 0.38 | 0.42 | 50 | Foreign Small & Mid Cap Equities | EONGY vs SCHC |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EONGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EONGY and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.01, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.01 | 0.03 | 0.11 | 80 | Technology | |
| Equinor ASA | 0.00 | 0.08 | 0.09 | 83 | Energy | |
| EchoStar Corporation | 0.04 | 0.14 | 0.18 | 99 | Technology | |
| Lumentum Holdings Inc. | 0.05 | 0.06 | 0.13 | 99 | Technology | |
| Warner Bros. Discovery, Inc. | 0.05 | 0.15 | 0.20 | 97 | Communication Services |
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