Looking to balance out your exposure to ESSA? The ETFs below have the lowest correlation with ESSA — they tend to move on their own, which can help reduce risk when ESSA drops. The stock ideas table highlights individual companies that behave independently from ESSA.
Best Diversifiers for ESSA
1 ETFs have low correlation with ESSA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) (S&P 500) with a 1Y correlation of 0.16, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.16 | 0.13 | 0.13 | 57 | S&P 500, Large Cap Growth Equities | ESSA vs SPYG |
Diversification Analysis
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