Looking to diversify beyond ECON? The ETFs below have the lowest correlation with ECON — 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 ECON.
Best Diversifiers for ECON
329 ETFs have low correlation with ECON (below 0.3), 59 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.33 | -0.03 | 0.05 | 66 | Oil & Gas | ECON vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.31 | -0.06 | -0.06 | 56 | Derivative Income | ECON vs USOY | |
| ProShares UltraShort Yen | -0.29 | -0.18 | -0.14 | 63 | Leveraged Currency | ECON vs YCS | |
| United States Brent Oil Fund LP | -0.29 | -0.02 | 0.05 | 65 | Oil & Gas | ECON vs BNO | |
| Invesco DB Energy Fund | -0.29 | -0.02 | 0.06 | 71 | Oil & Gas | ECON vs DBE |
See all 1948 diversifiers for ECON
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ECON
Add ECON to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ECON