Looking to balance out your exposure to ECO? The ETFs below have historically moved differently from ECO, 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 ECO
21 ETFs have low correlation with ECO (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.04 | — | — | 100 | Ultrashort Bond | ECO vs SGOV | |
| State Street Technology Select Sector SPDR ETF | 0.09 | — | — | 60 | Technology Equities | ECO vs XLK | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | 0.09 | — | — | 51 | Commodities | ECO vs COMT | |
| WisdomTree Japan Hedged Equity Fund | 0.10 | — | — | 92 | Japan Equities, Asia Pacific Equities | ECO vs DXJ | |
| Global X MLP & Energy Infrastructure ETF | 0.11 | 0.22 | 0.22 | 57 | Infrastructure Equities, MLPs | ECO vs MLPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ECO, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.06, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.06 | 0.07 | 0.07 | 81 | Healthcare | |
| Marvell Technology, Inc. | -0.05 | — | — | 90 | Technology | |
| Pulse Biosciences, Inc. | -0.05 | 0.00 | 0.00 | 89 | Healthcare | |
| Argan, Inc. | -0.03 | — | — | 91 | Industrials | |
| CF Industries Holdings, Inc. | -0.02 | — | — | 64 | Basic Materials |
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