Looking to balance out your exposure to ESPR? The ETFs below have the lowest correlation with ESPR — they tend to move on their own, which can help reduce risk when ESPR drops. The stock ideas table highlights individual companies that behave independently from ESPR.
No Diversifiers Found for ESPR
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESPR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESPR and solid risk/return profiles. The least correlated is Elbit Systems Ltd (ESLT) (Industrials) with a 1Y correlation of 0.08, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elbit Systems Ltd | 0.08 | 0.10 | 0.10 | 84 | Industrials | |
| Gold Fields Limited | 0.11 | 0.07 | 0.04 | 63 | Basic Materials | |
| Monolithic Power Systems, Inc. | 0.11 | 0.16 | 0.16 | 88 | Technology | |
| Companhia de Saneamento Básico do Estado de São Pa... | 0.11 | 0.10 | 0.11 | 73 | Utilities | |
| SSR Mining Inc. | 0.13 | 0.13 | 0.10 | 86 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ESPR
Add ESPR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ESPR