Looking to balance out your exposure to EVTL? The ETFs below have the lowest correlation with EVTL — they tend to move on their own, which can help reduce risk when EVTL drops. The stock ideas table highlights individual companies that behave independently from EVTL.
Best Diversifiers for EVTL
0 ETFs have low correlation with EVTL (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) (Materials) with a 1Y correlation of 0.33, roughly unchanged from 0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.33 | 0.23 | — | 87 | Materials | EVTL vs REMX | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.36 | — | 70 | S&P 500 | EVTL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EVTL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EVTL and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of 0.18, roughly unchanged from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | 0.18 | 0.17 | — | 67 | Technology | |
| UnitedHealth Group Incorporated | 0.20 | 0.10 | — | 61 | Healthcare | |
| Atai Life Sciences N.V. | 0.26 | 0.25 | 0.20 | 73 | Healthcare | |
| NVIDIA Corporation | 0.28 | 0.21 | — | 78 | Technology | |
| BWX Technologies, Inc. | 0.37 | 0.30 | — | 70 | Industrials |
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