Looking to diversify beyond ERY? The ETFs below have the lowest correlation with ERY — 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 ERY.
Best Diversifiers for ERY
2051 ETFs have low correlation with ERY (below 0.3), 552 of which are negatively correlated. The least correlated is Invesco S&P 500 Equal Weight Energy ETF (RSPG) (Energy Equities) with a 1Y correlation of -0.97, roughly unchanged from -0.98 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Equal Weight Energy ETF | -0.97 | -0.97 | -0.98 | 52 | Energy Equities, S&P 500, Equal Weight | ERY vs RSPG | |
| iShares Global Energy ETF | -0.97 | -0.97 | -0.97 | 51 | Energy Equities | ERY vs IXC | |
| Invesco DWA Energy Momentum ETF | -0.85 | -0.85 | -0.89 | 52 | Momentum, Energy Equities | ERY vs PXI | |
| Neuberger Berman Energy Transition & Infrastructur... | -0.82 | -0.60 | — | 63 | Energy Equities | ERY vs NBET | |
| Invesco S&P SmallCap Energy ETF | -0.81 | -0.82 | -0.87 | 51 | Energy Equities | ERY vs PSCE |
See all 2052 diversifiers for ERY
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Diversification Analysis
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