Looking to diversify beyond EETH? The ETFs below have the lowest correlation with EETH — 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 EETH.
Best Diversifiers for EETH
528 ETFs have low correlation with EETH (below 0.3), 32 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.12, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.12 | -0.18 | -0.18 | 55 | Inverse Equities | EETH vs NFXS | |
| United States Gasoline Fund LP | -0.09 | -0.04 | -0.04 | 55 | Oil & Gas | EETH vs UGA | |
| FlexShares Ultra-Short Income ETF | -0.08 | 0.02 | 0.02 | 99 | Ultrashort Bond | EETH vs RAVI | |
| Brookstone Ultra-Short Bond ETF | -0.08 | -0.02 | -0.02 | 98 | Ultrashort Bond | EETH vs BAMU | |
| WisdomTree Floating Rate Treasury Fund | -0.08 | 0.02 | 0.02 | 100 | Government Bonds, Ultrashort Bond | EETH vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EETH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EETH and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.04, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.04 | 0.08 | 0.08 | 74 | Healthcare | |
| Pfizer Inc. | 0.06 | 0.06 | 0.06 | 56 | Healthcare | |
| Mueller Water Products, Inc. | 0.15 | 0.21 | 0.21 | 52 | Industrials | |
| Kinross Gold Corporation | 0.21 | 0.15 | 0.15 | 72 | Basic Materials | |
| NVIDIA Corporation | 0.39 | 0.32 | 0.32 | 72 | Technology |
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