Looking to diversify beyond ERX? The ETFs below have the lowest correlation with ERX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ERX.
Best Diversifiers for ERX
1998 ETFs have low correlation with ERX (below 0.3), 1447 of which are negatively correlated. The least correlated is Invesco BulletShares 2032 Municipal Bond ETF (BSMW) (Municipal Bonds) with a 1Y correlation of -0.31, down from -0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2032 Municipal Bond ETF | -0.31 | -0.11 | — | 67 | Municipal Bonds | ERX vs BSMW | |
| BNY Mellon Ultra Short Income ETF | -0.29 | -0.14 | — | 99 | Ultrashort Bond | ERX vs BKUI | |
| Avantis Credit ETF | -0.29 | — | — | 53 | Global Bonds | ERX vs AVGB | |
| MFS Active Intermediate Muni Bond ETF | -0.28 | — | — | 78 | Municipal Bonds | ERX vs MFSM | |
| Vanguard Short Duration Bond ETF Shares | -0.27 | — | — | 86 | Short-Term Bond | ERX vs VSDB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ERX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ERX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.13, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.13 | -0.01 | 0.11 | 78 | Technology | |
| Arista Networks, Inc. | -0.03 | 0.07 | 0.13 | 79 | Technology | |
| Red Cat Holdings, Inc. | 0.11 | 0.10 | 0.10 | 69 | Technology | |
| Phillips 66 | 0.74 | 0.74 | 0.78 | 87 | Energy | |
| Exxon Mobil Corporation | 0.90 | 0.90 | 0.92 | 85 | Energy |
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