Looking to balance out your exposure to ECL? The ETFs below have historically moved differently from ECL, 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 ECL
5 ETFs have low correlation with ECL (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of 0.01, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.01 | -0.07 | -0.02 | 100 | Government Bonds, Ultrashort Bond | ECL vs BIL | |
| iShares Convertible Bond ETF | 0.09 | 0.28 | 0.41 | 60 | Convertible Bonds | ECL vs ICVT | |
| iShares Semiconductor ETF | 0.10 | 0.22 | 0.37 | 90 | Semiconductors, Technology Equities | ECL vs SOXX | |
| VanEck Semiconductor ETF | 0.11 | 0.21 | 0.36 | 87 | Semiconductors, Technology Equities | ECL vs SMH | |
| Vanguard Mega Cap ETF | 0.25 | 0.40 | 0.56 | 62 | Large Cap Blend Equities | ECL vs MGC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ECL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.16, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.16 | -0.06 | 0.06 | 72 | Energy | |
| Cheniere Energy, Inc. | -0.14 | -0.01 | 0.08 | 57 | Energy | |
| Chevron Corporation | -0.14 | -0.04 | 0.09 | 80 | Energy | |
| Exxon Mobil Corporation | -0.11 | -0.04 | 0.07 | 84 | Energy | |
| CrowdStrike Holdings, Inc. | -0.10 | 0.10 | 0.24 | 80 | Technology |
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