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
0 ETFs have low correlation with EQX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Global Silver and Metals Miners ETF (SLVP) (Silver) with a 1Y correlation of 0.77, roughly unchanged from 0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Global Silver and Metals Miners ETF | 0.77 | 0.79 | 0.81 | 55 | Silver, Precious Metals | EQX vs SLVP | |
| Amplify Junior Silver Miners ETF | 0.77 | 0.79 | 0.81 | 54 | Silver, Commodity Producers Equities, Precious Metals | EQX vs SILJ |
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 -0.08, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CareTrust REIT, Inc. | -0.08 | 0.13 | 0.17 | 82 | Real Estate | |
| Atour Lifestyle Holdings Limited | 0.06 | 0.13 | — | 53 | Consumer Cyclical | |
| DT Midstream, Inc. | 0.07 | 0.16 | — | 83 | Energy | |
| Micron Technology, Inc. | 0.07 | 0.12 | 0.14 | 99 | Technology | |
| W. P. Carey Inc. | 0.08 | 0.17 | 0.21 | 79 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EQX
Add EQX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EQX