Looking to balance out your exposure to ES? The ETFs below have historically moved differently from ES, 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 ES
11 ETFs have low correlation with ES (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.10, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.10 | -0.05 | 0.06 | 57 | Technology Equities | ES vs VGT | |
| State Street Energy Select Sector SPDR ETF | 0.04 | 0.14 | 0.15 | 61 | Energy Equities | ES vs XLE | |
| First Trust Developed Markets ex-US AlphaDEX Fund | 0.04 | 0.14 | 0.18 | 63 | Foreign Large Cap Equities | ES vs FDT | |
| Vanguard S&P 500 ETF | 0.05 | 0.13 | 0.23 | 72 | S&P 500 | ES vs VOO | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.05 | — | — | 80 | Derivative Income, S&P 500 | ES vs GPIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ES, 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 Interactive Brokers Group, Inc. (IBKR) (Financial Services) with a 1Y correlation of -0.10, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Interactive Brokers Group, Inc. | -0.10 | -0.03 | 0.01 | 74 | Financial Services | |
| Marvell Technology, Inc. | -0.10 | -0.10 | -0.01 | 90 | Technology | |
| NVIDIA Corporation | -0.09 | -0.13 | -0.04 | 63 | Technology | |
| Intel Corporation | -0.07 | 0.05 | 0.10 | 98 | Technology | |
| IREN Limited | -0.06 | 0.01 | 0.03 | 78 | Financial Services |
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Build a portfolio that complements ES
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