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), 0 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of 0.01, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | 0.01 | 0.05 | 0.15 | 73 | Dividend, Large Cap Value Equities | ESLT vs HDV | |
| Alpha Architect 1-3 Month Box ETF | 0.03 | -0.02 | — | 100 | Ultrashort Bond | ESLT vs BOXX | |
| VanEck Vectors Investment Grade Floating Rate ETF | 0.05 | 0.09 | 0.04 | 99 | Corporate Bonds | ESLT vs FLTR | |
| VanEck Semiconductor ETF | 0.09 | 0.11 | 0.20 | 96 | Semiconductors, Technology Equities | ESLT vs SMH | |
| iShares MSCI Spain ETF | 0.09 | 0.16 | 0.22 | 60 | Europe Equities | ESLT vs EWP |
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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 Singapore Technologies Engineering Ltd ADR (SGGKY) (Industrials) with a 1Y correlation of -0.11, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Singapore Technologies Engineering Ltd ADR | -0.11 | -0.06 | -0.02 | 76 | Industrials | |
| Altria Group, Inc. | -0.08 | 0.04 | 0.10 | 73 | Consumer Defensive | |
| Hanesbrands Inc. | -0.07 | 0.10 | 0.16 | 79 | Consumer Cyclical | |
| Apple Inc | -0.06 | 0.06 | 0.16 | 90 | Technology | |
| AXT, Inc. | -0.04 | 0.03 | 0.09 | 99 | Technology |
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Build a portfolio that complements ESLT
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