Looking to balance out your exposure to ETON? The ETFs below have the lowest correlation with ETON — they tend to move on their own, which can help reduce risk when ETON drops. The stock ideas table highlights individual companies that behave independently from ETON.
Best Diversifiers for ETON
3 ETFs have low correlation with ETON (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Long AVGO ETF | -0.06 | — | — | 50 | Leveraged Equities | ETON vs AVGX | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.03 | 0.05 | 0.10 | 55 | Silver, Precious Metals | ETON vs SLVP | |
| State Street SPDR S&P 500 ETF | 0.13 | 0.21 | 0.25 | 70 | S&P 500 | ETON vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ETON, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ETON and solid risk/return profiles. The least correlated is Monolithic Power Systems, Inc. (MPWR) (Technology) with a 1Y correlation of 0.02, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monolithic Power Systems, Inc. | 0.02 | 0.08 | 0.15 | 93 | Technology | |
| Amazon.com, Inc | 0.03 | 0.13 | 0.17 | 60 | Consumer Cyclical | |
| Lumentum Holdings Inc. | 0.04 | 0.17 | 0.21 | 99 | Technology | |
| Kinross Gold Corporation | 0.04 | 0.04 | 0.09 | 79 | Basic Materials | |
| Elbit Systems Ltd | 0.05 | 0.07 | 0.09 | 88 | Industrials |
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