Looking to diversify beyond EDC? The ETFs below have the lowest correlation with EDC — 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 EDC.
Best Diversifiers for EDC
371 ETFs have low correlation with EDC (below 0.3), 74 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.32 | -0.01 | 0.10 | 66 | Oil & Gas | EDC vs USO | |
| ProShares UltraShort Yen | -0.31 | -0.20 | -0.17 | 61 | Leveraged Currency | EDC vs YCS | |
| Invesco DB Energy Fund | -0.31 | -0.00 | 0.11 | 71 | Oil & Gas | EDC vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | EDC vs USOY | |
| United States Brent Oil Fund LP | -0.30 | 0.00 | 0.10 | 65 | Oil & Gas | EDC vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EDC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EDC and solid risk/return profiles. The least correlated is German American Bancorp, Inc. (GABC) (Financial Services) with a 1Y correlation of 0.18, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| German American Bancorp, Inc. | 0.18 | 0.20 | 0.24 | 62 | Financial Services |
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