Looking to balance out your exposure to ECL? The ETFs below have the lowest correlation with ECL — they tend to move on their own, which can help reduce risk when ECL drops. The stock ideas table highlights individual companies that behave independently from ECL.
Best Diversifiers for ECL
4 ETFs have low correlation with ECL (below 0.3), 1 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 -0.02, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.02 | -0.09 | -0.03 | 100 | Government Bonds, Ultrashort Bond | ECL vs BIL | |
| iShares Silver Trust | 0.13 | 0.09 | 0.12 | 51 | Silver, Precious Metals | ECL vs SLV | |
| VanEck Semiconductor ETF | 0.20 | 0.25 | 0.38 | 96 | Semiconductors, Technology Equities | ECL vs SMH | |
| iShares Convertible Bond ETF | 0.20 | 0.32 | 0.43 | 88 | Preferred Stock/Convertible Bonds | ECL vs ICVT | |
| Vanguard Mega Cap ETF | 0.34 | 0.43 | 0.58 | 73 | Large Cap Blend Equities | ECL vs MGC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ECL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ECL and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.10, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.10 | -0.00 | 0.07 | 78 | Energy | |
| CF Industries Holdings, Inc. | -0.10 | 0.01 | 0.05 | 63 | Basic Materials | |
| Exxon Mobil Corporation | -0.10 | -0.00 | 0.09 | 86 | Energy | |
| Chevron Corporation | -0.09 | 0.01 | 0.10 | 84 | Energy | |
| CrowdStrike Holdings, Inc. | -0.09 | 0.11 | 0.24 | 72 | Technology |
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