Looking to diversify beyond ECOW? The ETFs below have the lowest correlation with ECOW — 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 ECOW.
Best Diversifiers for ECOW
364 ETFs have low correlation with ECOW (below 0.3), 47 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.21 | -0.18 | 61 | Leveraged Currency | ECOW vs YCS | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | — | — | 56 | Derivative Income | ECOW vs USOY | |
| United States Oil Fund LP | -0.26 | 0.05 | 0.14 | 66 | Oil & Gas | ECOW vs USO | |
| United States Brent Oil Fund LP | -0.26 | 0.05 | 0.13 | 65 | Oil & Gas | ECOW vs BNO | |
| Invesco DB Energy Fund | -0.25 | 0.05 | 0.14 | 71 | Oil & Gas | ECOW vs DBE |
See all 2113 diversifiers for ECOW
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