Looking to diversify beyond EVX? The ETFs below have the lowest correlation with EVX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from EVX.
Best Diversifiers for EVX
490 ETFs have low correlation with EVX (below 0.3), 50 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.22, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.22 | -0.22 | -0.29 | 51 | Currency | EVX vs UUP | |
| ProShares Short Bitcoin ETF | -0.21 | -0.25 | -0.29 | 57 | Cryptocurrency | EVX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.21 | -0.28 | -0.28 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EVX vs SBIT | |
| ProShares UltraShort Yen | -0.20 | -0.11 | -0.08 | 72 | Leveraged Currency | EVX vs YCS | |
| Invesco DB Energy Fund | -0.20 | -0.05 | 0.11 | 53 | Oil & Gas | EVX vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EVX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.07, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.07 | 0.19 | 0.36 | 65 | Technology | |
| Broadcom Inc. | 0.09 | 0.25 | 0.38 | 71 | Technology | |
| Amazon.com, Inc | 0.16 | 0.27 | 0.40 | 54 | Consumer Cyclical | |
| UnitedHealth Group Incorporated | 0.18 | 0.17 | 0.28 | 76 | Healthcare | |
| Arista Networks, Inc. | 0.20 | 0.29 | 0.39 | 79 | Technology |
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