Looking to balance out your exposure to ESEA? The ETFs below have the lowest correlation with ESEA — they tend to move on their own, which can help reduce risk when ESEA drops. The stock ideas table highlights individual companies that behave independently from ESEA.
Best Diversifiers for ESEA
1 ETFs have low correlation with ESEA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.26, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.26 | 0.24 | 0.27 | 70 | S&P 500 | ESEA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESEA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESEA and solid risk/return profiles. The least correlated is ALLETE, Inc. (ALE) (Utilities) with a 1Y correlation of -0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ALLETE, Inc. | -0.04 | 0.06 | 0.05 | 75 | Utilities | |
| Viper Energy Partners LP | 0.00 | 0.12 | 0.23 | 60 | Energy | |
| Elbit Systems Ltd | 0.02 | 0.06 | 0.13 | 88 | Industrials | |
| Sunoco LP | 0.02 | 0.08 | 0.14 | 76 | Energy | |
| Sempra Energy | 0.03 | 0.05 | 0.05 | 67 | Utilities |
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