Looking to balance out your exposure to EPAM? The ETFs below have the lowest correlation with EPAM — they tend to move on their own, which can help reduce risk when EPAM drops. The stock ideas table highlights individual companies that behave independently from EPAM.
Best Diversifiers for EPAM
7 ETFs have low correlation with EPAM (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of -0.06, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -0.06 | 0.22 | 0.39 | 93 | Semiconductors, Technology Equities | EPAM vs SOXX | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.06 | 0.22 | 0.39 | 93 | Leveraged Equities, Semiconductors | EPAM vs SOXL | |
| Invesco QQQ ETF | 0.09 | 0.32 | 0.48 | 58 | Nasdaq-100 | EPAM vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.18 | 0.39 | 0.51 | 66 | S&P 500 | EPAM vs SPY | |
| Vanguard S&P 500 ETF | 0.19 | 0.39 | 0.51 | 66 | S&P 500 | EPAM vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EPAM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EPAM and solid risk/return profiles. The least correlated is Carpenter Technology Corporation (CRS) (Industrials) with a 1Y correlation of -0.11, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Carpenter Technology Corporation | -0.11 | 0.14 | 0.21 | 92 | Industrials | |
| Advanced Micro Devices, Inc. | -0.10 | 0.14 | 0.32 | 97 | Technology | |
| Seagate Technology plc | -0.07 | 0.11 | 0.25 | 99 | Technology | |
| Intel Corporation | -0.07 | 0.16 | 0.27 | 98 | Technology | |
| NVIDIA Corporation | -0.06 | 0.16 | 0.35 | 65 | Technology |
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Build a portfolio that complements EPAM
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