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
10 ETFs have low correlation with EPAM (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of 0.04, down from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | 0.04 | 0.17 | — | 56 | Derivative Income, Options Trading | EPAM vs NVDY | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.08 | 0.27 | 0.42 | 97 | Leveraged Equities, Semiconductors | EPAM vs SOXL | |
| iShares Semiconductor ETF | 0.08 | 0.28 | 0.42 | 96 | Semiconductors, Technology Equities | EPAM vs SOXX | |
| Invesco Solar ETF | 0.12 | 0.25 | 0.36 | 86 | Alternative Energy Equities | EPAM vs TAN | |
| ProShares UltraPro QQQ | 0.23 | 0.37 | 0.51 | 71 | Leveraged Equities | EPAM vs TQQQ |
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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 Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.02, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.02 | 0.05 | 0.06 | 83 | Energy | |
| MYR Group Inc. | -0.02 | 0.18 | 0.25 | 97 | Industrials | |
| NVIDIA Corporation | -0.00 | 0.17 | 0.36 | 80 | Technology | |
| First Solar, Inc. | 0.01 | 0.16 | 0.23 | 81 | Technology | |
| Seagate Technology plc | 0.01 | 0.16 | 0.28 | 99 | Technology |
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