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
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 0.01, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.01 | 0.17 | 0.28 | 50 | Energy Equities | ERO vs XLE | |
| WisdomTree Japan Hedged Equity Fund | 0.37 | 0.30 | 0.34 | 94 | Japan Equities, Asia Pacific Equities | ERO vs DXJ | |
| iShares MSCI Poland ETF | 0.38 | 0.40 | 0.43 | 53 | Europe Equities | ERO vs EPOL | |
| Franklin FTSE South Korea ETF | 0.39 | 0.43 | 0.43 | 89 | South Korea Equities, Asia Pacific Equities | ERO vs FLKR | |
| iShares MSCI Japan Value ETF | 0.39 | 0.34 | 0.36 | 75 | Japan Equities, Large Cap Value Equities, Asia Pacific Equities | ERO vs EWJV |
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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 -0.08, 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. | -0.08 | 0.16 | 0.23 | 72 | Energy | |
| Exxon Mobil Corporation | -0.01 | 0.12 | 0.23 | 75 | Energy | |
| Eli Lilly and Company | 0.05 | 0.10 | 0.08 | 80 | Healthcare | |
| Global-e Online Ltd. | 0.06 | 0.19 | 0.21 | 57 | Consumer Cyclical | |
| Hafnia Limited | 0.07 | — | — | 80 | Industrials |
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Build a portfolio that complements ERO
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