Looking to balance out your exposure to ECCX? The ETFs below have the lowest correlation with ECCX — they tend to move on their own, which can help reduce risk when ECCX drops. The stock ideas table highlights individual companies that behave independently from ECCX.
Best Diversifiers for ECCX
3 ETFs have low correlation with ECCX (below 0.3), 3 of which are negatively correlated. The least correlated is Global X S&P 500 Covered Call ETF (XYLD) (Derivative Income) with a 1Y correlation of -0.07, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P 500 Covered Call ETF | -0.07 | -0.00 | 0.04 | 82 | Derivative Income, S&P 500 | ECCX vs XYLD | |
| Invesco QQQ ETF | -0.07 | 0.01 | 0.02 | 73 | Nasdaq-100 | ECCX vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.04 | 0.03 | 0.05 | 70 | S&P 500 | ECCX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ECCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ECCX and solid risk/return profiles. The least correlated is Eagle Point Credit Company Inc. (ECCC) (Financial Services) with a 1Y correlation of 0.03, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eagle Point Credit Company Inc. | 0.03 | 0.06 | — | 81 | Financial Services |
Build a portfolio that complements ECCX
Add ECCX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ECCX