Looking to balance out your exposure to ESNT? The ETFs below have the lowest correlation with ESNT — they tend to move on their own, which can help reduce risk when ESNT drops. The stock ideas table highlights individual companies that behave independently from ESNT.
Best Diversifiers for ESNT
1 ETFs have low correlation with ESNT (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.07, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.07 | 0.33 | 0.48 | 66 | S&P 500 | ESNT vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESNT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESNT and solid risk/return profiles. The least correlated is Peabody Energy Corporation (BTU) (Energy) with a 1Y correlation of -0.10, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Peabody Energy Corporation | -0.10 | 0.08 | 0.12 | 70 | Energy | |
| Suncor Energy Inc. | -0.09 | 0.13 | 0.24 | 90 | Energy | |
| Warrior Met Coal, Inc. | -0.09 | 0.13 | 0.19 | 79 | Basic Materials | |
| Tenaris S.A. | 0.01 | 0.19 | 0.28 | 88 | Energy | |
| Teekay Tankers Ltd. | 0.03 | 0.11 | 0.14 | 86 | Energy |
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