Looking to balance out your exposure to ERO? The ETFs below have the lowest correlation with ERO — they tend to move on their own, which can help reduce risk when ERO drops. The stock ideas table highlights individual companies that behave independently from ERO.
Best Diversifiers for ERO
0 ETFs have low correlation with ERO (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Japan Hedged Equity Fund (DXJ) (Japan Equities) with a 1Y correlation of 0.35, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Japan Hedged Equity Fund | 0.35 | 0.31 | 0.33 | 90 | Japan Equities | ERO vs DXJ | |
| iShares MSCI Poland ETF | 0.36 | 0.41 | 0.43 | 52 | Europe Equities | ERO vs EPOL | |
| iShares MSCI South Korea ETF | 0.38 | 0.44 | 0.43 | 92 | Asia Pacific Equities | ERO vs EWY | |
| Franklin FTSE South Korea ETF | 0.38 | 0.43 | 0.43 | 92 | Asia Pacific Equities | ERO vs FLKR | |
| iShares MSCI Japan Value ETF | 0.38 | 0.34 | 0.35 | 56 | Japan Equities, Large Cap Value Equities | ERO vs EWJV |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ERO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ERO and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.05, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.05 | 0.18 | 0.23 | 63 | Energy | |
| Exxon Mobil Corporation | 0.00 | 0.13 | 0.23 | 72 | Energy | |
| Hafnia Limited | 0.05 | 0.21 | 0.21 | 80 | Industrials | |
| Eli Lilly and Company | 0.07 | 0.10 | 0.08 | 74 | Healthcare | |
| BW LPG Limited | 0.08 | 0.14 | 0.13 | 86 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ERO
Add ERO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ERO