Looking to balance out your exposure to EVI? The ETFs below have the lowest correlation with EVI — they tend to move on their own, which can help reduce risk when EVI drops. The stock ideas table highlights individual companies that behave independently from EVI.
Best Diversifiers for EVI
1 ETFs have low correlation with EVI (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.10, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.05 | -0.02 | 100 | Ultrashort Bond | EVI vs SGOV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EVI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EVI and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | -0.00 | -0.02 | 69 | Consumer Defensive | |
| Cboe Global Markets, Inc. | -0.07 | -0.04 | 0.01 | 68 | Financial Services | |
| Verizon Communications Inc. | -0.03 | 0.04 | 0.01 | 59 | Communication Services | |
| Coca-Cola Consolidated, Inc. | -0.01 | 0.04 | 0.06 | 80 | Consumer Defensive | |
| Teekay Tankers Ltd. | 0.00 | 0.12 | 0.13 | 82 | Energy |
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