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
11 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 |
|---|---|---|---|---|---|---|---|
| Invesco Solar ETF | 0.03 | — | — | 68 | Alternative Energy Equities | ECO vs TAN | |
| ProShares UltraPro QQQ | 0.09 | — | — | 53 | Leveraged Equities | ECO vs TQQQ | |
| Nomura Focused Emerging Markets Equity ETF | 0.11 | — | — | 94 | Emerging Markets Diversified | ECO vs EMEQ | |
| Vanguard S&P 500 ETF | 0.13 | 0.12 | 0.12 | 59 | S&P 500 | ECO vs VOO | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.14 | — | — | 55 | Commodities | ECO vs FTGC |
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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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marvell Technology, Inc. | -0.04 | — | — | 96 | Technology | |
| Advanced Micro Devices, Inc. | -0.03 | — | — | 97 | Technology | |
| Argan, Inc. | -0.00 | — | — | 96 | Industrials | |
| Micron Technology, Inc. | 0.01 | — | — | 99 | Technology | |
| Broadcom Inc. | 0.01 | — | — | 72 | Technology |
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Build a portfolio that complements ECO
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