Looking to balance out your exposure to ECF? The ETFs below have historically moved differently from ECF, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ECF
1 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 -0.12, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | -0.12 | 0.18 | 0.32 | 92 | Large Cap Value Equities, Dividend | ECF vs FDL | |
| Amplify CWP Enhanced Dividend Income ETF | 0.30 | 0.40 | 0.49 | 84 | Derivative Income | ECF vs DIVO | |
| VanEck Inflation Allocation ETF | 0.34 | 0.34 | 0.41 | 76 | Diversified Portfolio | ECF vs RAAX | |
| Saba Closed-End Funds ETF | 0.54 | 0.51 | 0.53 | 86 | Actively Managed | ECF vs CEFS | |
| State Street SPDR S&P 500 ETF | 0.64 | 0.58 | 0.63 | 78 | S&P 500 | ECF vs SPY |
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