Looking to balance out your exposure to ES? The ETFs below have the lowest correlation with ES — they tend to move on their own, which can help reduce risk when ES drops. The stock ideas table highlights individual companies that behave independently from ES.
Best Diversifiers for ES
8 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 -0.00, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.00 | -0.02 | 0.09 | 76 | Technology Equities | ES vs VGT | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.14 | — | — | 75 | Derivative Income, S&P 500 | ES vs GPIX | |
| iShares MSCI Austria ETF | 0.15 | 0.19 | 0.18 | 66 | Europe Equities | ES vs EWO | |
| Vanguard S&P 500 ETF | 0.15 | 0.16 | 0.25 | 70 | S&P 500 | ES vs VOO | |
| Vanguard Total Stock Market ETF | 0.16 | 0.16 | 0.23 | 68 | Large Cap Blend Equities | ES vs VTI |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ES, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ES and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.09, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.09 | -0.13 | -0.03 | 78 | Technology | |
| DHT Holdings, Inc. | -0.04 | -0.04 | -0.02 | 82 | Energy | |
| Marvell Technology Group Ltd. | -0.03 | -0.08 | 0.00 | 98 | Technology | |
| Costamare Inc. | -0.03 | 0.01 | 0.03 | 91 | Industrials | |
| Chevron Corporation | -0.01 | 0.15 | 0.14 | 83 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ES
Add ES to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ES