Looking to balance out your exposure to EPAM? The ETFs below have historically moved differently from EPAM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 -0.13, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -0.13 | 0.18 | 0.36 | 90 | Semiconductors, Technology Equities | EPAM vs SOXX | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.13 | 0.18 | 0.36 | 91 | Leveraged Equities, Semiconductors | EPAM vs SOXL | |
| Invesco QQQ ETF | 0.03 | 0.29 | 0.47 | 58 | Nasdaq-100 | EPAM vs QQQ | |
| Vanguard S&P 500 ETF | 0.13 | 0.37 | 0.50 | 78 | S&P 500 | EPAM vs VOO | |
| State Street SPDR S&P 500 ETF | 0.14 | 0.37 | 0.50 | 78 | S&P 500 | EPAM vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EPAM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.17, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.17 | 0.10 | 0.30 | 94 | Technology | |
| Carpenter Technology Corporation | -0.12 | 0.12 | 0.20 | 94 | Industrials | |
| MYR Group Inc. | -0.12 | 0.13 | 0.22 | 85 | Industrials | |
| Intel Corporation | -0.12 | 0.14 | 0.25 | 98 | Technology | |
| Seagate Technology plc | -0.11 | 0.09 | 0.24 | 99 | Technology |
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