Looking to diversify beyond EQAL? The ETFs below have historically moved differently from EQAL, 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 EQAL
265 ETFs have low correlation with EQAL (below 0.3), 32 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 58 | Derivative Income | EQAL vs WNTR | |
| Invesco DB Energy Fund | -0.25 | -0.03 | 0.14 | 54 | Oil & Gas | EQAL vs DBE | |
| United States Gasoline Fund, LP | -0.20 | -0.02 | 0.13 | 72 | Oil & Gas | EQAL vs UGA | |
| ProShares UltraShort Yen | -0.16 | -0.10 | -0.07 | 56 | Leveraged Currency | EQAL vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.12 | 0.06 | 0.20 | 51 | Commodities | EQAL vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EQAL, 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 EZCORP, Inc. (EZPW) (Financial Services) with a 1Y correlation of 0.41, roughly unchanged from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EZCORP, Inc. | 0.41 | 0.35 | 0.39 | 95 | Financial Services | |
| Wells Fargo & Company | 0.45 | 0.53 | 0.59 | 60 | Financial Services |
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