Looking to balance out your exposure to ESE? The ETFs below have the lowest correlation with ESE — they tend to move on their own, which can help reduce risk when ESE drops. The stock ideas table highlights individual companies that behave independently from ESE.
Best Diversifiers for ESE
1 ETFs have low correlation with ESE (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.23, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.23 | 0.42 | 0.50 | 77 | Dividend | ESE vs SCHD | |
| First Trust NASDAQ Technology Dividend Index Fund | 0.35 | 0.43 | 0.48 | 53 | Technology Equities, Dividend | ESE vs TDIV | |
| Vanguard S&P 500 ETF | 0.40 | 0.48 | 0.53 | 59 | S&P 500 | ESE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.48 | 0.53 | 59 | S&P 500 | ESE vs SPY | |
| Invesco S&P 500 Momentum ETF | 0.43 | 0.45 | 0.48 | 68 | Momentum, S&P 500 | ESE vs SPMO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESE and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.06 | 0.13 | 0.15 | 63 | Energy | |
| Liquidia Corporation | 0.05 | 0.13 | 0.15 | 98 | Healthcare | |
| Amgen Inc. | 0.09 | 0.20 | 0.22 | 74 | Healthcare | |
| REX American Resources Corporation | 0.11 | 0.27 | 0.31 | 91 | Basic Materials | |
| Sunrun Inc. | 0.12 | 0.25 | 0.30 | 76 | Technology |
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