Looking to diversify beyond ECNS? The ETFs below have the lowest correlation with ECNS — 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 ECNS.
Best Diversifiers for ECNS
480 ETFs have low correlation with ECNS (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.18, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.18 | -0.16 | -0.11 | 63 | Leveraged Currency | ECNS vs YCS | |
| iShares Diversified Commodity Swap UCITS ETF | -0.13 | 0.00 | — | 78 | Commodities | ECNS vs ISCMF | |
| United States Gasoline Fund LP | -0.13 | 0.05 | 0.07 | 55 | Oil & Gas | ECNS vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.09 | — | — | 97 | Inflation-Protected Bonds | ECNS vs RBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | 0.00 | 0.02 | 100 | Government Bonds, Ultrashort Bond | ECNS vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ECNS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ECNS and solid risk/return profiles. The least correlated is DHT Holdings, Inc. (DHT) (Energy) with a 1Y correlation of 0.04, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DHT Holdings, Inc. | 0.04 | 0.12 | 0.18 | 92 | Energy | |
| Scorpio Tankers Inc. | 0.05 | 0.12 | 0.15 | 91 | Energy | |
| TechnipFMC plc | 0.05 | 0.16 | 0.18 | 94 | Energy | |
| Helix Energy Solutions Group, Inc. | 0.07 | 0.19 | 0.19 | 67 | Energy | |
| International Seaways, Inc. | 0.08 | 0.12 | 0.12 | 97 | Energy |
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Build a portfolio that complements ECNS
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