Looking to balance out your exposure to EFR? The ETFs below have the lowest correlation with EFR — they tend to move on their own, which can help reduce risk when EFR drops. The stock ideas table highlights individual companies that behave independently from EFR.
Best Diversifiers for EFR
3 ETFs have low correlation with EFR (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Preferred Securities & Income ETF (FPE) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.29, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Preferred Securities & Income ETF | 0.29 | 0.25 | 0.31 | 58 | Preferred Stock/Convertible Bonds | EFR vs FPE | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | 0.29 | 0.30 | 0.31 | 50 | Nasdaq-100, Hedge Fund | EFR vs QQQH | |
| Vanguard Value ETF | 0.29 | 0.31 | 0.34 | 91 | Large Cap Value Equities | EFR vs VTV | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.30 | 0.31 | — | 68 | Nasdaq-100, Derivative Income | EFR vs JEPQ | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 0.31 | — | — | 62 | Nasdaq-100, Options Trading, Dividend | EFR vs QQQY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EFR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EFR and solid risk/return profiles. The least correlated is Kinross Gold Corporation (KGC) (Basic Materials) with a 1Y correlation of 0.14, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinross Gold Corporation | 0.14 | 0.09 | 0.12 | 73 | Basic Materials | |
| NexGen Energy Ltd. | 0.21 | 0.13 | 0.20 | 68 | Energy |
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