Looking to balance out your exposure to ECO? The ETFs below have the lowest correlation with ECO — they tend to move on their own, which can help reduce risk when ECO drops. The stock ideas table highlights individual companies that behave independently from ECO.
Best Diversifiers for ECO
19 ETFs have low correlation with ECO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.05 | — | — | 100 | Ultrashort Bond | ECO vs SGOV | |
| State Street Technology Select Sector SPDR ETF | 0.07 | — | — | 61 | Technology Equities | ECO vs XLK | |
| Teucrium Soybean Fund | 0.08 | — | — | 53 | Agricultural Commodities | ECO vs SOYB | |
| WisdomTree Japan Hedged Equity Fund | 0.10 | — | — | 94 | Japan Equities, Asia Pacific Equities | ECO vs DXJ | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | 0.11 | — | — | 53 | Commodities | ECO vs COMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ECO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ECO and solid risk/return profiles. The least correlated is Ackermans & Van Haaren NV ADR (AVHNY) (Industrials) with a 1Y correlation of -0.09, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ackermans & Van Haaren NV ADR | -0.09 | -0.05 | -0.05 | 95 | Industrials | |
| Marvell Technology, Inc. | -0.06 | — | — | 93 | Technology | |
| Eli Lilly and Company | -0.05 | 0.07 | 0.07 | 80 | Healthcare | |
| Argan, Inc. | -0.03 | — | — | 94 | Industrials | |
| Saipem SpA ADR | -0.02 | — | — | 81 | Energy |
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