Looking to diversify beyond EVSD? The ETFs below have historically moved differently from EVSD, 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 EVSD
625 ETFs have low correlation with EVSD (below 0.3), 113 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | — | — | 56 | Leveraged Currency | EVSD vs YCS | |
| Invesco DB Energy Fund | -0.42 | — | — | 72 | Oil & Gas | EVSD vs DBE | |
| United States Brent Oil Fund LP | -0.41 | — | — | 52 | Oil & Gas | EVSD vs BNO | |
| United States Oil Fund LP | -0.41 | — | — | 55 | Oil & Gas | EVSD vs USO | |
| Invesco DB Oil Fund | -0.41 | — | — | 58 | Oil & Gas | EVSD vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EVSD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | 0.01 | — | — | 76 | Industrials | |
| Albemarle Corporation | 0.10 | — | — | 77 | Basic Materials | |
| Broadcom Inc. | 0.11 | 0.06 | 0.06 | 67 | Technology | |
| First Solar, Inc. | 0.16 | 0.08 | 0.08 | 58 | Technology | |
| Apple Inc | 0.19 | 0.14 | 0.14 | 89 | Technology |
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