Looking to balance out your exposure to ERIC? The ETFs below have the lowest correlation with ERIC — they tend to move on their own, which can help reduce risk when ERIC drops. The stock ideas table highlights individual companies that behave independently from ERIC.
Best Diversifiers for ERIC
1 ETFs have low correlation with ERIC (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.27, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.27 | 0.31 | 0.41 | 96 | Semiconductors, Technology Equities | ERIC vs SMH | |
| Schwab U.S. Dividend Equity ETF | 0.30 | 0.42 | 0.48 | 80 | Dividend | ERIC vs SCHD | |
| Vanguard S&P 500 ETF | 0.38 | 0.41 | 0.49 | 70 | S&P 500 | ERIC vs VOO | |
| iShares MSCI Taiwan ETF | 0.41 | 0.40 | 0.45 | 95 | Asia Pacific Equities | ERIC vs EWT | |
| Avantis International Small Cap Value ETF | 0.41 | 0.49 | 0.54 | 78 | Foreign Small & Mid Cap Equities | ERIC vs AVDV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ERIC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ERIC and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monmouth Real Estate Investment Corporation | 0.05 | — | — | 53 | Real Estate | |
| Elbit Systems Ltd | 0.08 | 0.10 | 0.18 | 88 | Industrials | |
| Verizon Communications Inc. | 0.09 | 0.15 | 0.18 | 59 | Communication Services | |
| MongoDB, Inc. | 0.10 | 0.18 | 0.25 | 75 | Technology | |
| Xenon Pharmaceuticals Inc. | 0.10 | 0.17 | 0.20 | 86 | Healthcare |
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Build a portfolio that complements ERIC
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