Looking to balance out your exposure to EVLV? The ETFs below have the lowest correlation with EVLV — they tend to move on their own, which can help reduce risk when EVLV drops. The stock ideas table highlights individual companies that behave independently from EVLV.
Best Diversifiers for EVLV
1 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 0.29, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.29 | 0.33 | 0.34 | 76 | Technology Equities | EVLV vs VGT | |
| Invesco QQQ ETF | 0.31 | 0.33 | 0.34 | 74 | Nasdaq-100 | EVLV vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EVLV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EVLV and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Maze Therapeutics, Inc | -0.01 | — | — | 72 | Healthcare | |
| Howmet Aerospace Inc. | 0.05 | 0.20 | 0.23 | 79 | Industrials | |
| NVIDIA Corporation | 0.05 | 0.16 | 0.24 | 80 | Technology | |
| Alphabet Inc. Class A | 0.08 | 0.20 | 0.23 | 96 | Communication Services | |
| Broadcom Inc. | 0.10 | 0.21 | 0.24 | 76 | Technology |
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