Looking to balance out your exposure to EVRG? The ETFs below have historically moved differently from EVRG, 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 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 -0.16, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.16 | -0.06 | 0.10 | 54 | Nasdaq-100 | EVRG vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.05 | 0.09 | 0.24 | 71 | S&P 500 | EVRG vs SPY | |
| Vanguard S&P 500 ETF | -0.05 | 0.09 | 0.24 | 72 | S&P 500 | EVRG vs VOO | |
| Vanguard U.S. Momentum Factor ETF | -0.01 | 0.10 | 0.19 | 52 | Momentum, Mid Cap Blend Equities | EVRG vs VFMO | |
| Invesco International BuyBack Achievers™ ETF | 0.05 | 0.16 | 0.22 | 69 | Global Equities | EVRG vs IPKW |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EVRG, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.25, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.25 | -0.18 | -0.01 | 70 | Technology | |
| Nebius Group N.V. | -0.18 | — | — | 94 | Communication Services | |
| NVIDIA Corporation | -0.17 | -0.16 | -0.03 | 63 | Technology | |
| Seagate Technology plc | -0.11 | 0.00 | 0.08 | 99 | Technology | |
| Celestica Inc. | -0.10 | -0.10 | 0.01 | 76 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EVRG
Add EVRG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EVRG