Looking to balance out your exposure to EQX? The ETFs below have the lowest correlation with EQX — they tend to move on their own, which can help reduce risk when EQX drops. The stock ideas table highlights individual companies that behave independently from EQX.
Best Diversifiers for EQX
1 ETFs have low correlation with EQX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.08, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.08 | 0.11 | 0.19 | 87 | Dividend | EQX vs SCHD | |
| State Street SPDR Portfolio S&P 500 ETF | 0.31 | 0.23 | 0.25 | 63 | S&P 500 | EQX vs SPYM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EQX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EQX and solid risk/return profiles. The least correlated is CareTrust REIT, Inc. (CTRE) (Real Estate) with a 1Y correlation of -0.09, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CareTrust REIT, Inc. | -0.09 | 0.13 | 0.16 | 81 | Real Estate | |
| Texas Pacific Land Corporation | 0.05 | 0.13 | 0.17 | 53 | Energy | |
| DT Midstream, Inc. | 0.06 | 0.16 | 0.21 | 90 | Energy | |
| Dave Inc. | 0.07 | 0.05 | 0.07 | 62 | Technology | |
| Warner Bros. Discovery, Inc. | 0.08 | 0.12 | 0.19 | 97 | Communication Services |
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