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
531 ETFs have low correlation with ECNS (below 0.3), 55 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.22, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.22 | 0.03 | 0.06 | 66 | Oil & Gas | ECNS vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.22 | — | — | 56 | Derivative Income | ECNS vs USOY | |
| United States Brent Oil Fund LP | -0.21 | 0.04 | 0.06 | 65 | Oil & Gas | ECNS vs BNO | |
| Invesco DB Energy Fund | -0.20 | 0.05 | 0.08 | 71 | Oil & Gas | ECNS vs DBE | |
| Invesco DB Oil Fund | -0.19 | 0.05 | 0.07 | 65 | Oil & Gas | ECNS vs DBO |
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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 -0.01, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DHT Holdings, Inc. | -0.01 | 0.13 | 0.17 | 82 | Energy | |
| Scorpio Tankers Inc. | 0.03 | 0.13 | 0.15 | 89 | Energy | |
| Frontline Ltd. | 0.03 | 0.14 | 0.18 | 89 | Energy | |
| TechnipFMC plc | 0.04 | 0.16 | 0.18 | 96 | Energy | |
| Helix Energy Solutions Group, Inc. | 0.05 | 0.19 | 0.18 | 68 | Energy |
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