Looking to balance out your exposure to ESLOY? The ETFs below have historically moved differently from ESLOY, 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 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 0.36, roughly unchanged from 0.42 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 | 0.36 | 0.36 | 0.42 | 95 | Dividend | ESLOY vs SCHD | |
| Vanguard S&P 500 ETF | 0.41 | 0.42 | 0.48 | 68 | S&P 500 | ESLOY vs VOO | |
| iShares Russell Midcap ETF | 0.41 | 0.45 | 0.49 | 62 | Mid Cap Blend Equities | ESLOY vs IWR | |
| Vanguard Total Stock Market ETF | 0.41 | 0.43 | 0.49 | 67 | Large Cap Blend Equities | ESLOY vs VTI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ESLOY, 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 Elbit Systems Ltd. (ESLT) (Industrials) with a 1Y correlation of -0.02, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elbit Systems Ltd. | -0.02 | 0.09 | 0.13 | 85 | Industrials | |
| Howmet Aerospace Inc. | 0.16 | 0.23 | 0.30 | 90 | Industrials | |
| Novartis AG | 0.28 | 0.29 | 0.32 | 89 | Healthcare | |
| Pfizer Inc. | 0.32 | 0.25 | 0.24 | 64 | Healthcare |
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