Looking to balance out your exposure to ESQ? The ETFs below have the lowest correlation with ESQ — they tend to move on their own, which can help reduce risk when ESQ drops. The stock ideas table highlights individual companies that behave independently from ESQ.
No Diversifiers Found for ESQ
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 ESQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESQ and solid risk/return profiles. The least correlated is Reddit, Inc. (RDDT) (Communication Services) with a 1Y correlation of -0.00, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reddit, Inc. | -0.00 | 0.07 | 0.07 | 62 | Communication Services | |
| Credo Technology Group Holding Ltd | 0.03 | 0.17 | — | 85 | Technology | |
| Broadcom Inc. | 0.04 | 0.14 | 0.16 | 84 | Technology | |
| Applied Optoelectronics, Inc. | 0.04 | 0.19 | 0.18 | 98 | Technology | |
| AppLovin Corporation | 0.06 | 0.15 | 0.13 | 59 | Technology |
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