Looking to balance out your exposure to ESOA? The ETFs below have historically moved differently from ESOA, 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 ESOA
0 ETFs have low correlation with ESOA (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.41, up from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.41 | 0.34 | 0.27 | 51 | Momentum, S&P 500 | ESOA vs SPMO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ESOA, 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 Adaro Energy Tbk PT ADR (ADOOY) (Energy) with a 1Y correlation of 0.02, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Adaro Energy Tbk PT ADR | 0.02 | 0.03 | 0.01 | 75 | Energy | |
| Walmart Inc. | 0.03 | 0.07 | 0.08 | 60 | Consumer Defensive | |
| Berkshire Hathaway Inc. | 0.04 | 0.11 | 0.12 | 61 | Financial Services | |
| SentinelOne, Inc. | 0.06 | 0.16 | 0.14 | 52 | Technology | |
| Coca-Cola Consolidated, Inc. | 0.06 | 0.09 | 0.10 | 84 | Consumer Defensive |
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