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
367 ETFs have low correlation with ECOW (below 0.3), 35 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.50, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.50 | -0.44 | -0.45 | 51 | Currency | ECOW vs UUP | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ECOW vs SBIT | |
| ProShares Short Bitcoin ETF | -0.34 | -0.28 | -0.29 | 57 | Cryptocurrency | ECOW vs BITI | |
| ProShares UltraShort Yen | -0.33 | -0.21 | -0.18 | 72 | Leveraged Currency | ECOW vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 68 | Inverse Equities, Leveraged Equities | ECOW vs MSTZ |
See all 2046 diversifiers for ECOW
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