Looking to balance out your exposure to ERII? The ETFs below have the lowest correlation with ERII — they tend to move on their own, which can help reduce risk when ERII drops. The stock ideas table highlights individual companies that behave independently from ERII.
Best Diversifiers for ERII
0 ETFs have low correlation with ERII (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.49, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.49 | 0.44 | 0.51 | 66 | S&P 500 | ERII vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ERII, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ERII and solid risk/return profiles. The least correlated is The Travelers Companies, Inc. (TRV) (Financial Services) with a 1Y correlation of 0.21, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Travelers Companies, Inc. | 0.21 | 0.11 | 0.17 | 64 | Financial Services | |
| Rambus Inc. | 0.32 | 0.36 | 0.41 | 86 | Technology |
Build a portfolio that complements ERII
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