Looking to balance out your exposure to ERIC? The ETFs below have historically moved differently from ERIC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ERIC
1 ETFs have low correlation with ERIC (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 0.25, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.25 | 0.38 | 0.47 | 94 | Dividend | ERIC vs SCHD | |
| VanEck Semiconductor ETF | 0.32 | 0.32 | 0.41 | 87 | Semiconductors, Technology Equities | ERIC vs SMH | |
| iShares MSCI Emerging Markets ETF | 0.36 | 0.40 | 0.46 | 57 | Emerging Markets Equities | ERIC vs EEM | |
| Avantis International Small Cap Value ETF | 0.36 | 0.47 | 0.53 | 78 | Foreign Small & Mid Cap Equities | ERIC vs AVDV | |
| iShares MSCI Austria ETF | 0.38 | 0.44 | 0.51 | 88 | Europe Equities | ERIC vs EWO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ERIC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Omega Healthcare Investors, Inc. (OHI) (Real Estate) with a 1Y correlation of -0.08, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Omega Healthcare Investors, Inc. | -0.08 | 0.11 | 0.19 | 82 | Real Estate | |
| Occidental Petroleum Corporation | -0.04 | 0.05 | 0.17 | 65 | Energy | |
| The Coca-Cola Company | 0.01 | 0.14 | 0.20 | 86 | Consumer Defensive | |
| Edison International | 0.03 | 0.19 | 0.22 | 77 | Utilities | |
| Verizon Communications Inc. | 0.05 | 0.13 | 0.17 | 63 | Communication Services |
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Build a portfolio that complements ERIC
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