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
1650 ETFs have low correlation with ECLN (below 0.3), 63 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.16 | — | — | 60 | Inverse Equities, Leveraged Equities | ECLN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.16 | — | — | 53 | Inverse Equities | ECLN vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.13 | — | — | 65 | Derivative Income | ECLN vs WNTR | |
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.01 | -0.03 | 100 | Ultrashort Bond | ECLN vs SGOV | |
| ProShares UltraShort Yen | -0.12 | -0.16 | -0.14 | 75 | Leveraged Currency | ECLN vs YCS |
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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 0.53, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.53 | 0.65 | 0.71 | 75 | Financial Services |
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