Looking to balance out your exposure to ESE? The ETFs below have historically moved differently from ESE, 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 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 0.14, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.14 | 0.38 | 0.46 | 95 | Dividend | ESE vs SCHD | |
| Vanguard S&P 500 ETF | 0.43 | 0.49 | 0.53 | 68 | S&P 500 | ESE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.43 | 0.50 | 0.53 | 67 | S&P 500 | ESE vs SPY | |
| VanEck Semiconductor ETF | 0.52 | 0.42 | 0.44 | 87 | Semiconductors, Technology Equities | ESE vs SMH |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ESE, 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 NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of -0.00, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | -0.00 | 0.13 | 0.22 | 77 | Utilities | |
| CBL & Associates Properties, Inc. | 0.05 | 0.25 | 0.31 | 99 | ||
| HCI Group, Inc. | 0.07 | 0.17 | 0.23 | 66 | Financial Services | |
| Amgen Inc. | 0.08 | 0.19 | 0.21 | 80 | Healthcare | |
| Liquidia Corporation | 0.09 | 0.15 | 0.16 | 98 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ESE
Add ESE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ESE