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), 7 of which are negatively correlated. The least correlated is BlackRock AAA CLO ETF (CLOA) (CLO) with a 1Y correlation of -0.10, down from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock AAA CLO ETF | -0.10 | 0.02 | — | 99 | CLO | ECCC vs CLOA | |
| Schwab U.S. Dividend Equity ETF | -0.03 | 0.05 | — | 80 | Dividend | ECCC vs SCHD | |
| Vanguard S&P 500 ETF | -0.02 | 0.05 | — | 70 | S&P 500 | ECCC vs VOO | |
| State Street SPDR S&P 500 ETF | -0.02 | 0.05 | — | 70 | S&P 500 | ECCC vs SPY | |
| YieldMax NVDA Option Income Strategy ETF | -0.02 | 0.05 | — | 52 | Derivative Income, Options Trading | ECCC vs NVDY |
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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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.06, roughly unchanged from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.06 | -0.00 | — | 69 | Energy | |
| International Seaways, Inc. | -0.04 | -0.01 | — | 95 | Energy | |
| CrowdStrike Holdings, Inc. | -0.03 | 0.02 | 0.07 | 70 | Technology | |
| NVIDIA Corporation | -0.02 | 0.05 | 0.08 | 78 | Technology | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.02 | 0.03 | — | 88 | Financial Services |
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