Looking to balance out your exposure to EVC? The ETFs below have the lowest correlation with EVC — they tend to move on their own, which can help reduce risk when EVC drops. The stock ideas table highlights individual companies that behave independently from EVC.
Best Diversifiers for EVC
4 ETFs have low correlation with EVC (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Biotech ETF (XBI) (Health & Biotech Equities) with a 1Y correlation of 0.22, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Biotech ETF | 0.22 | 0.28 | 0.35 | 93 | Health & Biotech Equities | EVC vs XBI | |
| Global X NASDAQ 100 Covered Call ETF | 0.23 | 0.22 | 0.33 | 85 | Nasdaq-100, Derivative Income | EVC vs QYLD | |
| Invesco Semiconductors ETF | 0.26 | 0.24 | 0.36 | 91 | Semiconductors, Technology Equities | EVC vs PSI | |
| Invesco QQQ ETF | 0.30 | 0.25 | 0.37 | 53 | Nasdaq-100 | EVC vs QQQ | |
| Invesco S&P 500 Momentum ETF | 0.31 | 0.24 | 0.33 | 51 | Momentum, S&P 500 | EVC vs SPMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EVC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EVC and solid risk/return profiles. The least correlated is Absci Corporation (ABSI) (Healthcare) with a 1Y correlation of 0.22, roughly unchanged from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Absci Corporation | 0.22 | 0.25 | — | 88 | Healthcare | |
| Twist Bioscience Corporation | 0.25 | 0.29 | 0.33 | 90 | Healthcare |
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