Looking to balance out your exposure to EVO? The ETFs below have the lowest correlation with EVO — they tend to move on their own, which can help reduce risk when EVO drops. The stock ideas table highlights individual companies that behave independently from EVO.
Best Diversifiers for EVO
0 ETFs have low correlation with EVO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amplify CWP Growth & Income ETF | 0.34 | — | — | 63 | Derivative Income | EVO vs QDVO | |
| Vanguard S&P 500 ETF | 0.42 | 0.33 | 0.38 | 74 | S&P 500 | EVO vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EVO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EVO and solid risk/return profiles. The least correlated is ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of 0.30, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | 0.30 | 0.25 | 0.31 | 94 | Technology |
Build a portfolio that complements EVO
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