Looking to diversify beyond ECLN? The ETFs below have the lowest correlation with ECLN — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ECLN.
Best Diversifiers for ECLN
1585 ETFs have low correlation with ECLN (below 0.3), 47 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.13, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.13 | -0.16 | -0.14 | 61 | Leveraged Currency | ECLN vs YCS | |
| BlackRock Floating Rate Loan ETF | -0.13 | 0.07 | — | 55 | Bank Loan | ECLN vs BRLN | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.02 | -0.03 | 100 | Ultrashort Bond | ECLN vs SGOV | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.12 | -0.03 | 0.05 | 76 | Nontraditional Bonds | ECLN vs AGZD | |
| Franklin Short Duration U.S. Government ETF | -0.10 | 0.07 | 0.10 | 94 | Mortgage Backed Securities | ECLN vs FTSD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ECLN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ECLN and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.55, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.55 | 0.67 | 0.71 | 81 | Financial Services |
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