Looking to balance out your exposure to ESLT? The ETFs below have the lowest correlation with ESLT — they tend to move on their own, which can help reduce risk when ESLT drops. The stock ideas table highlights individual companies that behave independently from ESLT.
Best Diversifiers for ESLT
25 ETFs have low correlation with ESLT (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.06, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.06 | -0.04 | 100 | Government Bonds, Ultrashort Bond | ESLT vs BIL | |
| Alpha Architect 1-3 Month Box ETF | -0.01 | -0.03 | — | 100 | Ultrashort Bond | ESLT vs BOXX | |
| iShares Core High Dividend ETF | 0.00 | 0.04 | 0.14 | 85 | Dividend, Large Cap Value Equities | ESLT vs HDV | |
| VanEck IG Floating Rate ETF | 0.09 | 0.10 | 0.04 | 99 | Corporate Bonds, Ultrashort Bond | ESLT vs FLTR | |
| WisdomTree Japan Opportunities ETF | 0.11 | 0.13 | 0.17 | 94 | Japan Equities, Asia Pacific Equities | ESLT vs OPPJ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESLT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESLT and solid risk/return profiles. The least correlated is The Vita Coco Company, Inc. (COCO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Vita Coco Company, Inc. | -0.14 | -0.01 | 0.04 | 88 | Consumer Defensive | |
| Altria Group, Inc. | -0.11 | 0.02 | 0.08 | 80 | Consumer Defensive | |
| Singapore Technologies Engineering Ltd ADR | -0.08 | -0.06 | -0.02 | 73 | Industrials | |
| FIGS, Inc. | -0.06 | 0.05 | 0.13 | 78 | Consumer Cyclical | |
| Avanos Medical, Inc. | -0.06 | 0.05 | 0.12 | 94 | Healthcare |
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