Looking to balance out your exposure to ESPR? The ETFs below have historically moved differently from ESPR, 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 ESPR
1 ETFs have low correlation with ESPR (below 0.3), 0 of which are negatively correlated. The least correlated is Global X MSCI Greece ETF (GREK) (Emerging Markets Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X MSCI Greece ETF | 0.19 | 0.15 | 0.14 | 58 | Emerging Markets Equities | ESPR vs GREK |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ESPR, 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 Monolithic Power Systems, Inc. (MPWR) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monolithic Power Systems, Inc. | 0.09 | 0.15 | 0.16 | 89 | Technology | |
| Elbit Systems Ltd. | 0.10 | 0.09 | 0.09 | 85 | Industrials | |
| Trevi Therapeutics, Inc. | 0.12 | 0.19 | 0.16 | 92 | Healthcare | |
| Eton Pharmaceuticals Inc | 0.12 | 0.18 | 0.19 | 97 | Healthcare | |
| Companhia de Saneamento Básico do Estado de São Pa... | 0.12 | 0.10 | 0.11 | 80 | Utilities |
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