Looking to diversify beyond EDEN? The ETFs below have the lowest correlation with EDEN — 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 EDEN.
Best Diversifiers for EDEN
386 ETFs have low correlation with EDEN (below 0.3), 52 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.46 | -0.39 | -0.46 | 51 | Currency | EDEN vs UUP | |
| ProShares UltraShort Yen | -0.37 | -0.19 | -0.17 | 72 | Leveraged Currency | EDEN vs YCS | |
| ProShares Short Bitcoin ETF | -0.35 | -0.24 | -0.26 | 57 | Cryptocurrency | EDEN vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.26 | -0.26 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EDEN vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 68 | Inverse Equities, Leveraged Equities | EDEN vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EDEN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EDEN and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.10, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.10 | 0.01 | 0.10 | 75 | Energy | |
| Chevron Corporation | -0.09 | 0.03 | 0.12 | 70 | Energy | |
| Duke Energy Corporation | -0.06 | 0.06 | 0.12 | 66 | Utilities | |
| Energy Transfer LP | -0.04 | 0.12 | 0.20 | 84 | Energy | |
| Enterprise Products Partners L.P. | -0.03 | 0.14 | 0.22 | 87 | Energy |
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Build a portfolio that complements EDEN
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