Looking to balance out your exposure to EQNR? The ETFs below have historically moved differently from EQNR, 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 EQNR
17 ETFs have low correlation with EQNR (below 0.3), 13 of which are negatively correlated. The least correlated is SPDR Portfolio Short Term Corporate Bond ETF (SPSB) (Corporate Bonds) with a 1Y correlation of -0.28, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Portfolio Short Term Corporate Bond ETF | -0.28 | -0.04 | 0.00 | 93 | Corporate Bonds | EQNR vs SPSB | |
| State Street SPDR S&P 500 ETF | -0.28 | 0.00 | 0.12 | 72 | S&P 500 | EQNR vs SPY | |
| Vanguard S&P 500 ETF | -0.27 | 0.01 | 0.12 | 72 | S&P 500 | EQNR vs VOO | |
| Vanguard Total Stock Market ETF | -0.27 | 0.01 | 0.13 | 72 | Large Cap Blend Equities | EQNR vs VTI | |
| Invesco QQQ ETF | -0.25 | -0.04 | 0.05 | 55 | Nasdaq-100 | EQNR vs QQQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EQNR, 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 OneMain Holdings, Inc. (OMF) (Financial Services) with a 1Y correlation of -0.27, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| OneMain Holdings, Inc. | -0.27 | -0.00 | 0.13 | 64 | Financial Services | |
| Alphabet Inc. Class A | -0.27 | -0.03 | 0.02 | 95 | Communication Services | |
| The Bank of Nova Scotia | -0.23 | 0.04 | 0.19 | 97 | Financial Services | |
| Amazon.com, Inc | -0.21 | -0.04 | 0.00 | 70 | Consumer Cyclical | |
| Triple Flag Precious Metals Corp | -0.19 | 0.06 | 0.10 | 60 | Basic Materials |
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