Looking to balance out your exposure to ETR? The ETFs below have the lowest correlation with ETR — they tend to move on their own, which can help reduce risk when ETR drops. The stock ideas table highlights individual companies that behave independently from ETR.
Best Diversifiers for ETR
5 ETFs have low correlation with ETR (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of 0.18, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.18 | 0.11 | 0.17 | 74 | Nasdaq-100 | ETR vs QQQM | |
| NEOS S&P 500 High Income ETF | 0.25 | 0.23 | — | 71 | Derivative Income, S&P 500 | ETR vs SPYI | |
| Vanguard S&P 500 ETF | 0.26 | 0.24 | 0.29 | 70 | S&P 500 | ETR vs VOO | |
| WisdomTree Japan Hedged Equity Fund | 0.28 | 0.17 | 0.19 | 88 | Japan Equities | ETR vs DXJ | |
| Vanguard Small-Cap ETF | 0.30 | 0.32 | 0.30 | 56 | Small Cap Blend Equities | ETR vs VB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ETR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ETR and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.08, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.08 | 0.07 | 0.08 | 93 | Energy | |
| CrowdStrike Holdings, Inc. | -0.01 | 0.01 | 0.01 | 70 | Technology | |
| Frontline Ltd. | -0.00 | 0.05 | 0.06 | 89 | Energy | |
| Fox Corporation | 0.01 | 0.18 | 0.23 | 53 | Communication Services | |
| NVIDIA Corporation | 0.01 | -0.04 | 0.01 | 78 | Technology |
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Build a portfolio that complements ETR
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