Looking to balance out your exposure to ECF? The ETFs below have the lowest correlation with ECF — they tend to move on their own, which can help reduce risk when ECF drops. The stock ideas table highlights individual companies that behave independently from ECF.
Best Diversifiers for ECF
2 ETFs have low correlation with ECF (below 0.3), 1 of which are negatively correlated. The least correlated is First Trust Morningstar Dividend Leaders Index Fund (FDL) (Large Cap Value Equities) with a 1Y correlation of -0.01, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | -0.01 | 0.24 | 0.36 | 70 | Large Cap Value Equities, Dividend | ECF vs FDL | |
| VanEck Inflation Allocation ETF | 0.24 | 0.32 | 0.40 | 85 | Diversified Portfolio | ECF vs RAAX | |
| Amplify CWP Enhanced Dividend Income ETF | 0.30 | 0.42 | 0.50 | 61 | Derivative Income | ECF vs DIVO | |
| Saba Closed-End Funds ETF | 0.43 | 0.49 | 0.50 | 80 | Event Driven | ECF vs CEFS | |
| State Street SPDR S&P 500 ETF | 0.58 | 0.57 | 0.62 | 70 | S&P 500 | ECF vs SPY |
See all 6 diversifiers for ECF
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