Looking to diversify beyond ECNS? The ETFs below have historically moved differently from ECNS, 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 ECNS
681 ETFs have low correlation with ECNS (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, down from -0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.25 | — | 51 | Cryptocurrency | ECNS vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 69 | Derivative Income | ECNS vs WNTR | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.17 | -0.06 | -0.03 | 51 | Nontraditional Bonds | ECNS vs RISR | |
| ProShares UltraShort Yen | -0.16 | -0.15 | -0.12 | 59 | Leveraged Currency | ECNS vs YCS | |
| Invesco DB Energy Fund | -0.16 | 0.03 | 0.08 | 66 | Oil & Gas | ECNS vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ECNS, 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 Antero Resources Corporation (AR) (Energy) with a 1Y correlation of -0.07, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Resources Corporation | -0.07 | 0.12 | 0.16 | 50 | Energy | |
| Range Resources Corporation | -0.03 | 0.12 | 0.15 | 57 | Energy | |
| CNX Resources Corporation | 0.02 | 0.12 | 0.17 | 67 | Energy | |
| TechnipFMC plc | 0.04 | 0.13 | 0.18 | 96 | Energy | |
| Helix Energy Solutions Group, Inc. | 0.05 | 0.17 | 0.18 | 81 | Energy |
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