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
2039 ETFs have low correlation with ERX (below 0.3), 1517 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.34 | — | — | 56 | Global Bonds | ERX vs AVGB | |
| John Hancock Mortgage Backed Securities ETF | -0.33 | -0.13 | — | 58 | Intermediate Core-Plus Bond | ERX vs JHMB | |
| BNY Mellon Ultra Short Income ETF | -0.30 | -0.17 | — | 99 | Ultrashort Bond | ERX vs BKUI | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | -0.29 | -0.10 | -0.07 | 85 | Municipal Bonds | ERX vs RVNU | |
| Vanguard Short Duration Bond ETF Shares | -0.29 | — | — | 89 | 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 | 66 | Technology | |
| Arista Networks, Inc. | -0.01 | 0.08 | 0.13 | 77 | Technology | |
| MasTec, Inc. | 0.02 | 0.14 | 0.28 | 93 | Industrials | |
| Phillips 66 | 0.74 | 0.73 | 0.77 | 89 | Energy | |
| Exxon Mobil Corporation | 0.89 | 0.90 | 0.92 | 77 | Energy |
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