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
9 ETFs have low correlation with ETR (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.01, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.01 | 0.03 | 0.12 | 60 | Technology Equities | ETR vs VGT | |
| Invesco NASDAQ 100 ETF | 0.07 | 0.08 | 0.15 | 61 | Nasdaq-100 | ETR vs QQQM | |
| NEOS S&P 500 High Income ETF | 0.15 | 0.21 | — | 71 | Derivative Income, S&P 500 | ETR vs SPYI | |
| State Street SPDR S&P 500 ETF | 0.16 | 0.22 | 0.28 | 66 | S&P 500 | ETR vs SPY | |
| Vanguard S&P 500 ETF | 0.16 | 0.22 | 0.28 | 67 | S&P 500 | ETR vs VOO |
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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 CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.10, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.10 | -0.01 | -0.00 | 83 | Technology | |
| Valero Energy Corporation | -0.05 | 0.06 | 0.08 | 96 | Energy | |
| Fortinet, Inc. | -0.05 | 0.06 | 0.10 | 79 | Technology | |
| NVIDIA Corporation | -0.05 | -0.05 | 0.00 | 70 | Technology | |
| Apple Inc | -0.02 | 0.01 | 0.13 | 91 | Technology |
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Build a portfolio that complements ETR
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