Looking to balance out your exposure to ESS? The ETFs below have the lowest correlation with ESS — they tend to move on their own, which can help reduce risk when ESS drops. The stock ideas table highlights individual companies that behave independently from ESS.
Best Diversifiers for ESS
5 ETFs have low correlation with ESS (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.04, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.04 | 0.20 | 0.33 | 74 | Nasdaq-100 | ESS vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.05 | 0.20 | — | 76 | Nasdaq-100, Derivative Income | ESS vs JEPQ | |
| Vanguard S&P 500 ETF | 0.16 | 0.34 | 0.45 | 74 | S&P 500 | ESS vs VOO | |
| Vanguard Total Stock Market ETF | 0.18 | 0.37 | 0.46 | 73 | Large Cap Blend Equities | ESS vs VTI | |
| Vanguard Total International Stock ETF | 0.22 | 0.35 | 0.38 | 62 | Global Equities | ESS vs VXUS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESS and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.15, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.15 | 0.08 | 0.20 | 76 | Technology | |
| Walmart Inc. | 0.01 | 0.18 | 0.24 | 66 | Consumer Defensive | |
| Energy Vault Holdings, Inc. | 0.04 | 0.13 | — | 96 | Utilities | |
| Teradyne, Inc. | 0.04 | 0.20 | 0.27 | 98 | Technology | |
| CapitaLand Investment Limited | 0.06 | 0.05 | — | 56 | Real Estate |
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Build a portfolio that complements ESS
Add ESS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ESS