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
585 ETFs have low correlation with ECNS (below 0.3), 54 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, down from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.24 | -0.25 | 57 | Cryptocurrency | ECNS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ECNS vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 68 | Inverse Equities, Leveraged Equities | ECNS vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 70 | Derivative Income | ECNS vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.30 | -0.31 | -0.31 | 51 | Currency | ECNS vs UUP |
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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 TechnipFMC plc (FTI) (Energy) with a 1Y correlation of 0.06, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TechnipFMC plc | 0.06 | 0.15 | 0.19 | 96 | Energy | |
| DHT Holdings, Inc. | 0.06 | 0.12 | 0.18 | 89 | Energy | |
| Core Natural Resources, Inc | 0.07 | 0.13 | 0.18 | 53 | Energy | |
| Helix Energy Solutions Group, Inc. | 0.08 | 0.18 | 0.19 | 75 | Energy | |
| Scorpio Tankers Inc. | 0.08 | 0.12 | 0.15 | 89 | Energy |
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Build a portfolio that complements ECNS
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