Looking to balance out your exposure to EVLV? The ETFs below have historically moved differently from EVLV, 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 EVLV
0 ETFs have low correlation with EVLV (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 0.31, roughly unchanged from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.31 | 0.32 | 0.34 | 52 | Technology Equities | EVLV vs VGT |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EVLV, 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 Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of 0.04, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | 0.04 | 0.19 | 0.23 | 90 | Industrials | |
| Broadcom Inc. | 0.08 | 0.19 | 0.22 | 67 | Technology | |
| Western Digital Corporation | 0.08 | 0.20 | 0.23 | 99 | Technology | |
| Maze Therapeutics, Inc | 0.08 | — | — | 76 | Healthcare | |
| NVIDIA Corporation | 0.10 | 0.16 | 0.25 | 56 | Technology |
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