Looking to diversify beyond ERX? The ETFs below have historically moved differently from ERX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ERX
2057 ETFs have low correlation with ERX (below 0.3), 1628 of which are negatively correlated. The least correlated is Vanguard Tax-Exempt Bond ETF (VTEB) (Municipal Bonds) with a 1Y correlation of -0.32, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | -0.32 | -0.10 | -0.08 | 66 | Municipal Bonds | ERX vs VTEB | |
| Fidelity Municipal Bond Opportunities ETF | -0.32 | — | — | 70 | Municipal Bonds | ERX vs FMUB | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.32 | -0.10 | -0.08 | 73 | Municipal Bonds | ERX vs FLMI | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | -0.31 | -0.11 | -0.07 | 63 | Municipal Bonds | ERX vs RVNU | |
| Dimensional California Municipal Bond ETF | -0.31 | -0.11 | -0.10 | 64 | Municipal Bonds | ERX vs DFCA |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ERX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.13, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.13 | -0.01 | 0.10 | 59 | Technology | |
| Arista Networks, Inc. | -0.02 | 0.07 | 0.13 | 74 | Technology | |
| MasTec, Inc. | 0.01 | 0.14 | 0.27 | 73 | Industrials | |
| Phillips 66 | 0.73 | 0.73 | 0.77 | 93 | Energy | |
| Cenovus Energy Inc. | 0.75 | 0.75 | 0.79 | 93 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ERX
Add ERX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ERX