Looking to diversify beyond EDEN? The ETFs below have historically moved differently from EDEN, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EDEN
387 ETFs have low correlation with EDEN (below 0.3), 68 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, down from -0.24 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.25 | — | 51 | Cryptocurrency | EDEN vs BITI | |
| ProShares UltraShort Yen | -0.34 | -0.20 | -0.18 | 59 | Leveraged Currency | EDEN vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | -0.26 | -0.26 | 69 | Derivative Income | EDEN vs WNTR | |
| Invesco DB Energy Fund | -0.29 | -0.13 | -0.01 | 66 | Oil & Gas | EDEN vs DBE | |
| Invesco DB Oil Fund | -0.25 | -0.12 | -0.01 | 51 | Oil & Gas | EDEN vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EDEN, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.14, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.14 | 0.01 | 0.11 | 79 | Energy | |
| Exxon Mobil Corporation | -0.12 | 0.00 | 0.09 | 85 | Energy | |
| Enterprise Products Partners L.P. | -0.10 | 0.12 | 0.21 | 89 | Energy | |
| Duke Energy Corporation | -0.09 | 0.04 | 0.12 | 52 | Utilities | |
| Energy Transfer LP | -0.04 | 0.11 | 0.20 | 82 | Energy |
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