Looking to balance out your exposure to EPM? The ETFs below have historically moved differently from EPM, 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 EPM
3 ETFs have low correlation with EPM (below 0.3), 3 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.07, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.07 | 0.10 | 0.17 | 52 | Technology Equities | EPM vs VGT | |
| Vanguard S&P 500 ETF | -0.07 | 0.14 | 0.23 | 68 | S&P 500 | EPM vs VOO | |
| Global X NASDAQ 100 Covered Call ETF | -0.05 | 0.08 | 0.15 | 83 | Nasdaq-100, Derivative Income | EPM vs QYLD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EPM, 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 Enbridge Inc. (ENB) (Energy) with a 1Y correlation of 0.23, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | 0.23 | 0.23 | 0.36 | 85 | Energy | |
| CVR Energy, Inc. | 0.30 | 0.34 | 0.41 | 64 | Energy | |
| Plains All American Pipeline, L.P. | 0.40 | 0.40 | 0.46 | 93 | Energy |
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