Looking to balance out your exposure to ESLOY? The ETFs below have the lowest correlation with ESLOY — they tend to move on their own, which can help reduce risk when ESLOY drops. The stock ideas table highlights individual companies that behave independently from ESLOY.
Best Diversifiers for ESLOY
0 ETFs have low correlation with ESLOY (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 0.32, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.32 | 0.35 | 0.42 | 80 | Dividend | ESLOY vs SCHD | |
| Invesco NASDAQ 100 ETF | 0.33 | 0.37 | 0.44 | 74 | Nasdaq-100 | ESLOY vs QQQM | |
| Vanguard S&P 500 ETF | 0.39 | 0.42 | 0.48 | 70 | S&P 500 | ESLOY vs VOO | |
| Vanguard Total Stock Market ETF | 0.40 | 0.43 | 0.49 | 68 | Large Cap Blend Equities | ESLOY vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESLOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESLOY and solid risk/return profiles. The least correlated is Elbit Systems Ltd (ESLT) (Industrials) with a 1Y correlation of -0.05, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elbit Systems Ltd | -0.05 | 0.07 | 0.13 | 88 | Industrials | |
| Howmet Aerospace Inc. | 0.16 | 0.24 | 0.31 | 79 | Industrials | |
| Pfizer Inc. | 0.31 | 0.24 | 0.24 | 61 | Healthcare | |
| Novartis AG | 0.32 | 0.30 | 0.32 | 75 | Healthcare |
Build a portfolio that complements ESLOY
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