Looking to balance out your exposure to EQT? The ETFs below have the lowest correlation with EQT — they tend to move on their own, which can help reduce risk when EQT drops. The stock ideas table highlights individual companies that behave independently from EQT.
Best Diversifiers for EQT
8 ETFs have low correlation with EQT (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.03 | 0.13 | 0.22 | 76 | Technology Equities | EQT vs VGT | |
| Invesco QQQ ETF | -0.00 | 0.13 | 0.22 | 74 | Nasdaq-100 | EQT vs QQQ | |
| Vanguard S&P 500 ETF | 0.02 | 0.19 | 0.30 | 74 | S&P 500 | EQT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.02 | 0.19 | 0.30 | 74 | S&P 500 | EQT vs SPY | |
| iShares 0-3 Month Treasury Bond ETF | 0.02 | -0.04 | -0.07 | 100 | Ultrashort Bond | EQT vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EQT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EQT and solid risk/return profiles. The least correlated is Williams-Sonoma, Inc. (WSM) (Consumer Cyclical) with a 1Y correlation of -0.14, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Williams-Sonoma, Inc. | -0.14 | 0.11 | 0.17 | 67 | Consumer Cyclical | |
| United Parcel Service, Inc. | -0.14 | 0.06 | 0.16 | 59 | Industrials | |
| TopBuild Corp. | -0.14 | 0.10 | 0.18 | 67 | Industrials | |
| Ford Motor Company | -0.12 | 0.15 | 0.24 | 81 | Consumer Cyclical | |
| Steel Dynamics, Inc. | -0.11 | 0.13 | 0.27 | 93 | Basic Materials |
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Build a portfolio that complements EQT
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