Looking to balance out your exposure to EVI? The ETFs below have historically moved differently from EVI, 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 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 -0.07, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.05 | -0.02 | 100 | Ultrashort Bond | EVI vs SGOV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EVI, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.09, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.09 | 0.04 | 0.01 | 66 | Communication Services | |
| Altria Group, Inc. | -0.07 | 0.01 | -0.02 | 66 | Consumer Defensive | |
| Cboe Global Markets, Inc. | -0.05 | -0.03 | 0.02 | 69 | Financial Services | |
| Innoviva, Inc. | -0.03 | 0.08 | 0.09 | 61 | Healthcare | |
| Lantheus Holdings, Inc. | -0.03 | 0.11 | 0.11 | 70 | Healthcare |
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