Looking to diversify beyond EDOC? The ETFs below have the lowest correlation with EDOC — 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 EDOC.
Best Diversifiers for EDOC
379 ETFs have low correlation with EDOC (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.22, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.22 | -0.13 | -0.10 | 63 | Leveraged Currency | EDOC vs YCS | |
| United States Gasoline Fund LP | -0.22 | -0.03 | 0.01 | 55 | Oil & Gas | EDOC vs UGA | |
| iShares Enhanced Short-Term Bond Active ETF | -0.18 | 0.03 | 0.03 | 99 | Ultrashort Bond | EDOC vs CSHP | |
| Direxion Daily NFLX Bear 1X Shares | -0.14 | -0.26 | -0.26 | 55 | Inverse Equities | EDOC vs NFXS | |
| Franklin Liberty Systematic Style Premia ETF | -0.13 | -0.03 | -0.03 | 56 | Long-Short | EDOC vs FLSP |
See all 1946 diversifiers for EDOC
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