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 0.30 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 | 0.20 | 0.30 | 63 | Energy Equities | ERO vs XLE | |
| WisdomTree Japan Hedged Equity Fund | 0.35 | 0.31 | 0.33 | 88 | Japan Equities | ERO vs DXJ | |
| iShares MSCI Poland ETF | 0.35 | 0.42 | 0.43 | 55 | Europe Equities | ERO vs EPOL | |
| iShares MSCI Japan Value ETF | 0.37 | 0.34 | 0.35 | 52 | Japan Equities | ERO vs EWJV | |
| Matthews Korea Active ETF | 0.37 | 0.41 | 0.41 | 96 | Asia Pacific Equities | ERO vs MKOR |
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 Coterra Energy Inc. (CTRA) (Energy) with a 1Y correlation of -0.06, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coterra Energy Inc. | -0.06 | 0.14 | 0.21 | 79 | Energy | |
| Exxon Mobil Corporation | -0.03 | 0.13 | 0.24 | 85 | Energy | |
| Hafnia Limited | 0.04 | — | — | 84 | Industrials | |
| BW LPG Limited | 0.06 | 0.13 | 0.13 | 90 | Industrials | |
| Eli Lilly and Company | 0.08 | 0.10 | 0.08 | 72 | Healthcare |
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