Looking to balance out your exposure to EVRI? The ETFs below have the lowest correlation with EVRI — they tend to move on their own, which can help reduce risk when EVRI drops. The stock ideas table highlights individual companies that behave independently from EVRI.
Best Diversifiers for EVRI
1 ETFs have low correlation with EVRI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.03, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.03 | 0.26 | 0.45 | 70 | S&P 500 | EVRI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EVRI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EVRI and solid risk/return profiles. The least correlated is The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of 0.05, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. | 0.05 | 0.28 | 0.41 | 90 | Financial Services |
Build a portfolio that complements EVRI
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