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
9 ETFs have low correlation with ECCC (below 0.3), 7 of which are negatively correlated. The least correlated is iShares AAA CLO Active ETF (CLOA) (CLO) with a 1Y correlation of -0.12, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares AAA CLO Active ETF | -0.12 | 0.02 | 0.03 | 99 | CLO | ECCC vs CLOA | |
| Schwab U.S. Dividend Equity ETF | -0.04 | 0.05 | 0.10 | 77 | Dividend | ECCC vs SCHD | |
| Global X S&P 500 Covered Call ETF | -0.04 | 0.05 | 0.11 | 80 | Derivative Income, S&P 500 | ECCC vs XYLD | |
| State Street SPDR S&P 500 ETF | -0.03 | 0.05 | 0.11 | 60 | S&P 500 | ECCC vs SPY | |
| Vanguard S&P 500 ETF | -0.02 | 0.05 | 0.11 | 60 | S&P 500 | ECCC vs VOO |
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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 -0.08, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.08 | -0.00 | 0.03 | 70 | Energy | |
| CrowdStrike Holdings, Inc. | -0.05 | 0.01 | 0.07 | 66 | Technology | |
| International Seaways, Inc. | -0.05 | 0.00 | -0.00 | 98 | Energy | |
| NVIDIA Corporation | -0.04 | 0.04 | 0.08 | 70 | Technology | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.03 | 0.02 | 0.06 | 85 | Financial Services |
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