Looking to balance out your exposure to EVVTY? The ETFs below have the lowest correlation with EVVTY — they tend to move on their own, which can help reduce risk when EVVTY drops. The stock ideas table highlights individual companies that behave independently from EVVTY.
Best Diversifiers for EVVTY
2 ETFs have low correlation with EVVTY (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.13, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.13 | 0.28 | 0.34 | 83 | Dividend | EVVTY vs SCHD | |
| VanEck Semiconductor ETF | 0.18 | 0.27 | 0.37 | 93 | Semiconductors, Technology Equities | EVVTY vs SMH | |
| Invesco QQQ ETF | 0.30 | 0.34 | 0.43 | 61 | Nasdaq-100 | EVVTY vs QQQ | |
| Invesco NASDAQ 100 ETF | 0.31 | 0.34 | 0.43 | 61 | Nasdaq-100 | EVVTY vs QQQM | |
| Vanguard S&P 500 ETF | 0.36 | 0.38 | 0.44 | 67 | S&P 500 | EVVTY vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EVVTY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EVVTY and solid risk/return profiles. The least correlated is Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of -0.07, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | -0.07 | -0.03 | 0.02 | 56 | Industrials | |
| Enterprise Products Partners L.P. | -0.05 | 0.08 | 0.14 | 85 | Energy | |
| Altria Group, Inc. | -0.05 | 0.07 | 0.10 | 78 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.03 | 0.03 | 0.09 | 76 | Energy | |
| Johnson & Johnson | -0.03 | 0.09 | 0.14 | 97 | Healthcare |
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Build a portfolio that complements EVVTY
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