Looking to balance out your exposure to ERAS? The ETFs below have the lowest correlation with ERAS — they tend to move on their own, which can help reduce risk when ERAS drops. The stock ideas table highlights individual companies that behave independently from ERAS.
Best Diversifiers for ERAS
7 ETFs have low correlation with ERAS (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Energy ETF (VDE) (Energy Equities) with a 1Y correlation of -0.07, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy ETF | -0.07 | 0.04 | 0.10 | 60 | Energy Equities | ERAS vs VDE | |
| iShares MSCI South Korea ETF | 0.06 | 0.15 | 0.19 | 87 | South Korea Equities, Asia Pacific Equities | ERAS vs EWY | |
| Invesco QQQ ETF | 0.07 | 0.22 | 0.27 | 53 | Nasdaq-100 | ERAS vs QQQ | |
| Invesco S&P 500 Momentum ETF | 0.09 | 0.20 | 0.24 | 51 | Momentum, S&P 500 | ERAS vs SPMO | |
| Vanguard Total Stock Market ETF | 0.14 | 0.29 | 0.31 | 66 | Large Cap Blend Equities | ERAS vs VTI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ERAS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ERAS and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.01, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.01 | 0.12 | 0.18 | 63 | Technology | |
| Eni S.p.A. | 0.03 | 0.06 | 0.10 | 89 | Energy | |
| Sandisk Corporation | 0.04 | 0.11 | 0.11 | 100 | Technology | |
| Seagate Technology plc | 0.05 | 0.13 | — | 98 | Technology | |
| Western Digital Corporation | 0.05 | 0.14 | 0.17 | 99 | Technology |
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Build a portfolio that complements ERAS
Add ERAS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ERAS