Looking to balance out your exposure to ERNA? The ETFs below have the lowest correlation with ERNA — they tend to move on their own, which can help reduce risk when ERNA drops. The stock ideas table highlights individual companies that behave independently from ERNA.
Best Diversifiers for ERNA
1 ETFs have low correlation with ERNA (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Total World Stock ETF (VT) (Global Equities) with a 1Y correlation of 0.16, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total World Stock ETF | 0.16 | 0.18 | 0.26 | 66 | Global Equities | ERNA vs VT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ERNA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ERNA and solid risk/return profiles. The least correlated is Navigator Holdings Ltd. (NVGS) (Energy) with a 1Y correlation of -0.05, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Navigator Holdings Ltd. | -0.05 | 0.05 | 0.11 | 78 | Energy | |
| Okeanis Eco Tankers Corp | -0.04 | — | — | 97 | Industrials | |
| Jazz Pharmaceuticals plc | 0.00 | 0.10 | 0.14 | 98 | Healthcare | |
| Baytex Energy Corp | 0.01 | 0.07 | 0.12 | 93 | Energy | |
| AxoGen, Inc. | 0.06 | 0.06 | 0.13 | 98 | Healthcare |
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