Looking to balance out your exposure to EQNR? The ETFs below have the lowest correlation with EQNR — they tend to move on their own, which can help reduce risk when EQNR drops. The stock ideas table highlights individual companies that behave independently from EQNR.
Best Diversifiers for EQNR
15 ETFs have low correlation with EQNR (below 0.3), 11 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.25, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.25 | 0.03 | 0.14 | 60 | S&P 500 | EQNR vs VOO | |
| Invesco QQQ ETF | -0.25 | -0.02 | 0.06 | 59 | Nasdaq-100 | EQNR vs QQQ | |
| Vanguard Total Stock Market ETF | -0.23 | 0.04 | 0.15 | 60 | Large Cap Blend Equities | EQNR vs VTI | |
| SPDR Portfolio Short Term Corporate Bond ETF | -0.22 | 0.00 | 0.01 | 93 | Corporate Bonds | EQNR vs SPSB | |
| iShares Russell 2000 ETF | -0.13 | 0.10 | 0.21 | 70 | Small Cap Blend Equities | EQNR vs IWM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EQNR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EQNR and solid risk/return profiles. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of -0.25, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | -0.25 | -0.03 | 0.04 | 96 | Communication Services | |
| OneMain Holdings, Inc. | -0.21 | 0.03 | 0.16 | 55 | Financial Services | |
| The Bank of Nova Scotia | -0.21 | 0.07 | 0.21 | 96 | Financial Services | |
| Amazon.com, Inc | -0.20 | -0.02 | 0.01 | 52 | Consumer Cyclical | |
| Lam Research Corporation | -0.19 | -0.00 | 0.08 | 98 | Technology |
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Build a portfolio that complements EQNR
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