Looking to balance out your exposure to ET? The ETFs below have historically moved differently from ET, 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 ET
291 ETFs have low correlation with ET (below 0.3), 184 of which are negatively correlated. The least correlated is JPMorgan Income ETF (JPIE) (Multisector Bonds) with a 1Y correlation of -0.24, down from 0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income ETF | -0.24 | 0.04 | — | 94 | Multisector Bonds | ET vs JPIE | |
| Schwab Short-Term U.S. Treasury ETF | -0.24 | -0.11 | -0.09 | 85 | Government Bonds, Short-Term Bond | ET vs SCHO | |
| Vanguard Tax-Exempt Bond ETF | -0.24 | -0.04 | -0.02 | 64 | Municipal Bonds | ET vs VTEB | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.23 | -0.08 | -0.06 | 54 | Short-Term Bond | ET vs BSV | |
| Vanguard Short-Term Corporate Bond ETF | -0.23 | -0.03 | 0.03 | 68 | Corporate Bonds | ET vs VCSH |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ET, 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 Shopify Inc. (SHOP) (Technology) with a 1Y correlation of -0.14, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Shopify Inc. | -0.14 | 0.13 | 0.21 | 51 | Technology | |
| ASML Holding N.V. | -0.14 | 0.12 | 0.20 | 96 | Technology | |
| Dynex Capital, Inc. | -0.13 | 0.17 | 0.26 | 72 | Real Estate | |
| HSBC Holdings plc | -0.13 | 0.13 | 0.26 | 95 | Financial Services | |
| Hitachi Ltd ADR | -0.12 | 0.08 | 0.17 | 60 | Industrials |
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