Looking to diversify beyond EUV? The ETFs below have the lowest correlation with EUV — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from EUV.
Best Diversifiers for EUV
352 ETFs have low correlation with EUV (below 0.3), 120 of which are negatively correlated. The least correlated is Invesco High Yield Equity Dividend Achievers™ ETF (PEY) (Mid Cap Value Equities) with a 1Y correlation of -0.48, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco High Yield Equity Dividend Achievers™ ETF | -0.48 | -0.48 | -0.48 | 61 | Mid Cap Value Equities, Dividend | EUV vs PEY | |
| iShares Residential and Multisector Real Estate ET... | -0.42 | -0.42 | -0.42 | 51 | REIT | EUV vs REZ | |
| Schwab US REIT ETF | -0.37 | -0.37 | -0.37 | 52 | REIT | EUV vs SCHH | |
| TBG Dividend Focus ETF | -0.37 | -0.37 | -0.37 | 69 | Large Cap Value Equities | EUV vs TBG | |
| Dimensional US Real Estate ETF | -0.36 | -0.36 | -0.36 | 50 | REIT | EUV vs DFAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EUV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EUV and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.08 | 0.08 | 0.08 | 55 | Consumer Cyclical | |
| Alphabet Inc. Class A | 0.15 | 0.15 | 0.15 | 95 | Communication Services | |
| Broadcom Inc. | 0.64 | 0.64 | 0.64 | 68 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.76 | 0.76 | 0.76 | 88 | Technology | |
| Eaton Corporation plc | 0.88 | 0.88 | 0.88 | 52 | Industrials |
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