Looking to balance out your exposure to ECCC? The ETFs below have the lowest correlation with ECCC — they tend to move on their own, which can help reduce risk when ECCC drops. The stock ideas table highlights individual companies that behave independently from ECCC.
Best Diversifiers for ECCC
11 ETFs have low correlation with ECCC (below 0.3), 8 of which are negatively correlated. The least correlated is iShares AAA CLO Active ETF (CLOA) (CLO) with a 1Y correlation of -0.11, down from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares AAA CLO Active ETF | -0.11 | 0.02 | — | 99 | CLO | ECCC vs CLOA | |
| Global X S&P 500 Covered Call ETF | -0.06 | 0.03 | 0.10 | 90 | Derivative Income, S&P 500 | ECCC vs XYLD | |
| Vanguard S&P 500 ETF | -0.05 | 0.04 | 0.11 | 66 | S&P 500 | ECCC vs VOO | |
| State Street SPDR S&P 500 ETF | -0.05 | 0.04 | 0.11 | 65 | S&P 500 | ECCC vs SPY | |
| Global X MLP ETF | -0.04 | 0.01 | 0.04 | 54 | MLPs | ECCC vs MLPA |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ECCC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ECCC and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.08 | 0.00 | 0.06 | 81 | Technology | |
| Energy Transfer LP | -0.08 | 0.00 | 0.04 | 83 | Energy | |
| International Seaways, Inc. | -0.06 | -0.00 | 0.00 | 98 | Energy | |
| NVIDIA Corporation | -0.06 | 0.04 | 0.07 | 63 | Technology | |
| Royce Value Trust Inc. | -0.01 | 0.09 | 0.13 | 84 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ECCC
Add ECCC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ECCC