Looking to diversify beyond ECLN? The ETFs below have historically moved differently from ECLN, 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 ECLN
1612 ETFs have low correlation with ECLN (below 0.3), 60 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.13, roughly unchanged from -0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.13 | -0.17 | -0.17 | 58 | Derivative Income | ECLN vs WNTR | |
| Vanguard Ultra-Short Treasury ETF | -0.12 | — | — | 100 | Ultrashort Bond, Government Bonds | ECLN vs VGUS | |
| ProShares UltraShort Yen | -0.12 | -0.16 | -0.14 | 56 | Leveraged Currency | ECLN vs YCS | |
| Xtrackers US 0-1 Year Treasury ETF | -0.11 | -0.08 | -0.08 | 99 | Government Bonds, Ultrashort Bond | ECLN vs TRSY | |
| Franklin Short Duration U.S. Government ETF | -0.11 | 0.06 | 0.10 | 96 | Mortgage Backed Securities | ECLN vs FTSD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ECLN, 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 Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.51, down from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.51 | 0.64 | 0.70 | 53 | Financial Services |
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