Looking to balance out your exposure to EVVTY? The ETFs below have historically moved differently from EVVTY, 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 EVVTY
4 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 0.11, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.11 | 0.27 | 0.34 | 95 | Dividend | EVVTY vs SCHD | |
| VanEck Semiconductor ETF | 0.15 | 0.25 | 0.37 | 88 | Semiconductors, Technology Equities | EVVTY vs SMH | |
| Invesco QQQ ETF | 0.26 | 0.32 | 0.42 | 58 | Nasdaq-100 | EVVTY vs QQQ | |
| Invesco NASDAQ 100 ETF | 0.28 | 0.32 | 0.42 | 59 | Nasdaq-100 | EVVTY vs QQQM | |
| Vanguard S&P 500 Growth ETF | 0.31 | 0.33 | 0.42 | 53 | S&P 500, Large Cap Growth Equities | EVVTY vs VOOG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EVVTY, 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 Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of -0.07, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | -0.07 | -0.03 | 0.02 | 80 | Industrials | |
| Johnson & Johnson | -0.07 | 0.09 | 0.13 | 96 | Healthcare | |
| Enterprise Products Partners L.P. | -0.05 | 0.08 | 0.14 | 89 | Energy | |
| Exxon Mobil Corporation | -0.05 | 0.03 | 0.08 | 85 | Energy | |
| ConocoPhillips Company | -0.04 | 0.05 | 0.09 | 73 | Energy |
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