Looking to diversify beyond EFNL? The ETFs below have the lowest correlation with EFNL — 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 EFNL.
Best Diversifiers for EFNL
357 ETFs have low correlation with EFNL (below 0.3), 50 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.53, roughly unchanged from -0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.53 | -0.52 | -0.57 | 51 | Currency | EFNL vs UUP | |
| ProShares UltraShort Yen | -0.35 | -0.23 | -0.19 | 72 | Leveraged Currency | EFNL vs YCS | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | -0.27 | -0.27 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EFNL vs SBIT | |
| ProShares Short Bitcoin ETF | -0.27 | -0.24 | -0.27 | 57 | Cryptocurrency | EFNL vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | -0.24 | -0.24 | 60 | Inverse Equities | EFNL vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EFNL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EFNL and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.26, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.26 | 0.27 | 0.38 | 65 | Technology |
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