Looking to balance out your exposure to ETR? The ETFs below have historically moved differently from ETR, 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 ETR
12 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 0.06, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.06 | 0.05 | 0.12 | 60 | Technology Equities | ETR vs VGT | |
| Invesco NASDAQ 100 ETF | 0.10 | 0.09 | 0.15 | 59 | Nasdaq-100 | ETR vs QQQM | |
| iShares MSCI Italy ETF | 0.16 | 0.22 | 0.26 | 78 | Europe Equities | ETR vs EWI | |
| NEOS S&P 500 High Income ETF | 0.17 | 0.21 | — | 80 | Derivative Income, S&P 500 | ETR vs SPYI | |
| ProShares Ultra S&P500 | 0.17 | 0.22 | 0.28 | 67 | Leveraged Equities, S&P 500 | ETR vs SSO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ETR, 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 Take-Two Interactive Software, Inc. (TTWO) (Communication Services) with a 1Y correlation of -0.08, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Take-Two Interactive Software, Inc. | -0.08 | 0.04 | 0.08 | 54 | Communication Services | |
| CrowdStrike Holdings, Inc. | -0.07 | -0.01 | 0.00 | 83 | Technology | |
| Valero Energy Corporation | -0.05 | 0.04 | 0.08 | 98 | Energy | |
| Fortinet, Inc. | -0.05 | 0.06 | 0.10 | 82 | Technology | |
| Enphase Energy, Inc. | -0.02 | 0.07 | 0.06 | 58 | Technology |
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