Looking to balance out your exposure to ESRT? The ETFs below have historically moved differently from ESRT, 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 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 0.19, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.19 | 0.36 | 0.44 | 67 | S&P 500 | ESRT vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ESRT, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.10, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.10 | 0.15 | 0.21 | 90 | Consumer Defensive | |
| Welltower Inc. | 0.14 | 0.28 | 0.37 | 89 | Real Estate | |
| DigitalBridge Group, Inc. | 0.19 | 0.37 | 0.43 | 81 | Real Estate | |
| Berkshire Hathaway Inc. | 0.25 | 0.31 | 0.39 | 61 | Financial Services | |
| EPR Properties | 0.29 | 0.43 | 0.50 | 69 | Real Estate |
Build a portfolio that complements ESRT
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