Looking to balance out your exposure to EVRG? The ETFs below have the lowest correlation with EVRG — they tend to move on their own, which can help reduce risk when EVRG drops. The stock ideas table highlights individual companies that behave independently from EVRG.
Best Diversifiers for EVRG
5 ETFs have low correlation with EVRG (below 0.3), 4 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.18, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.18 | -0.07 | 0.10 | 53 | Nasdaq-100 | EVRG vs QQQ | |
| Vanguard S&P 500 ETF | -0.08 | 0.09 | 0.24 | 66 | S&P 500 | EVRG vs VOO | |
| State Street SPDR S&P 500 ETF | -0.08 | 0.09 | 0.24 | 65 | S&P 500 | EVRG vs SPY | |
| Vanguard U.S. Momentum Factor ETF | -0.01 | 0.10 | 0.19 | 55 | Momentum, Mid Cap Blend Equities | EVRG vs VFMO | |
| Invesco International BuyBack Achievers™ ETF | 0.06 | 0.16 | 0.22 | 63 | Global Equities | EVRG vs IPKW |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EVRG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EVRG and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.25, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.25 | -0.18 | -0.01 | 67 | Technology | |
| NVIDIA Corporation | -0.21 | -0.18 | -0.04 | 63 | Technology | |
| Nebius Group N.V. | -0.19 | -0.12 | -0.12 | 91 | Communication Services | |
| Reddit, Inc. | -0.14 | -0.10 | -0.10 | 58 | Communication Services | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.12 | -0.13 | -0.04 | 89 | Technology |
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