Looking to balance out your exposure to ERO? The ETFs below have historically moved differently from ERO, 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 ERO
1 ETFs have low correlation with ERO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.00, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.00 | 0.17 | 0.27 | 76 | Energy Equities | ERO vs XLE | |
| iShares MSCI Poland ETF | 0.41 | 0.41 | 0.43 | 79 | Europe Equities | ERO vs EPOL | |
| iShares MSCI Japan Value ETF | 0.41 | 0.35 | 0.36 | 81 | Japan Equities, Large Cap Value Equities, Asia Pacific Equities | ERO vs EWJV | |
| WisdomTree Japan Hedged Equity Fund | 0.42 | 0.32 | 0.34 | 93 | Japan Equities, Asia Pacific Equities | ERO vs DXJ | |
| iShares MSCI Brazil ETF | 0.43 | 0.42 | 0.36 | 68 | Latin America Equities | ERO vs EWZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ERO, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.03, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.03 | 0.11 | 0.22 | 84 | Energy | |
| Eli Lilly and Company | 0.03 | 0.09 | 0.07 | 83 | Healthcare | |
| Global-e Online Ltd. | 0.03 | 0.17 | 0.20 | 58 | Consumer Cyclical | |
| Hafnia Limited | 0.05 | — | — | 82 | Industrials | |
| BW LPG Limited | 0.07 | 0.14 | 0.13 | 91 | Industrials |
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