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
1874 ETFs have low correlation with ERX (below 0.3), 1325 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.31 | — | — | 53 | Global Bonds | ERX vs AVGB | |
| BNY Mellon Ultra Short Income ETF | -0.30 | -0.15 | — | 99 | Ultrashort Bond | ERX vs BKUI | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.28 | -0.10 | — | 68 | Municipal Bonds | ERX vs BSMW | |
| MFS Active Intermediate Muni Bond ETF | -0.27 | — | — | 78 | Municipal Bonds | ERX vs MFSM | |
| WisdomTree Yield Enhanced U.S. Short-Term Aggregat... | -0.27 | -0.09 | -0.09 | 61 | Short-Term Bond | ERX vs SHAG |
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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 -0.14, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.14 | -0.01 | 0.11 | 72 | Technology | |
| Arista Networks, Inc. | -0.00 | 0.08 | 0.13 | 79 | Technology | |
| Red Cat Holdings, Inc. | 0.10 | 0.09 | 0.10 | 59 | Industrials | |
| Phillips 66 | 0.76 | 0.74 | 0.78 | 81 | Energy | |
| Exxon Mobil Corporation | 0.90 | 0.90 | 0.92 | 72 | Energy |
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