Looking to balance out your exposure to ERNA? The ETFs below have historically moved differently from ERNA, 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 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 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total World Stock ETF | 0.16 | 0.18 | 0.27 | 70 | Global Equities | ERNA vs VT |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ERNA, 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 Navigator Holdings Ltd. (NVGS) (Energy) with a 1Y correlation of -0.08, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Navigator Holdings Ltd. | -0.08 | 0.05 | 0.11 | 81 | Energy | |
| Baytex Energy Corp | -0.06 | 0.04 | 0.11 | 93 | Energy | |
| Okeanis Eco Tankers Corp | -0.03 | — | — | 98 | Industrials | |
| Jazz Pharmaceuticals plc | -0.01 | 0.08 | 0.14 | 98 | Healthcare | |
| Humana Inc. | 0.04 | 0.06 | 0.07 | 71 | Healthcare |
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