Looking to balance out your exposure to ESRT? The ETFs below have the lowest correlation with ESRT — they tend to move on their own, which can help reduce risk when ESRT drops. The stock ideas table highlights individual companies that behave independently from ESRT.
Best Diversifiers for ESRT
1 ETFs have low correlation with ESRT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.28, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.38 | 0.46 | 70 | S&P 500 | ESRT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESRT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESRT and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.06 | 0.12 | 0.20 | 66 | Consumer Defensive | |
| Welltower Inc. | 0.11 | 0.29 | 0.37 | 79 | Real Estate | |
| DigitalBridge Group, Inc. | 0.19 | 0.37 | 0.44 | 73 | Real Estate |
Build a portfolio that complements ESRT
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