Looking to balance out your exposure to EVR? The ETFs below have the lowest correlation with EVR — they tend to move on their own, which can help reduce risk when EVR drops. The stock ideas table highlights individual companies that behave independently from EVR.
Best Diversifiers for EVR
1 ETFs have low correlation with EVR (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.06 | -0.01 | 100 | Government Bonds, Ultrashort Bond | EVR vs BIL | |
| Schwab U.S. Dividend Equity ETF | 0.37 | 0.48 | 0.58 | 80 | Dividend | EVR vs SCHD | |
| iShares MSCI Austria ETF | 0.40 | 0.39 | 0.49 | 66 | Europe Equities | EVR vs EWO | |
| Invesco QQQ ETF | 0.51 | 0.51 | 0.57 | 73 | Nasdaq-100 | EVR vs QQQ | |
| Vanguard S&P 500 ETF | 0.60 | 0.61 | 0.66 | 70 | S&P 500 | EVR vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EVR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EVR and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.08, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.08 | 0.12 | 0.23 | 85 | Energy | |
| Walmart Inc. | -0.08 | 0.09 | 0.17 | 63 | Consumer Defensive | |
| Murphy USA Inc. | -0.03 | 0.12 | 0.17 | 62 | Consumer Cyclical | |
| Kosmos Energy Ltd. | -0.02 | 0.16 | 0.26 | 63 | Energy | |
| Permian Resources Corporation | 0.01 | 0.22 | — | 81 | Energy |
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Build a portfolio that complements EVR
Add EVR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EVR