Looking to balance out your exposure to EICA? The ETFs below have historically moved differently from EICA, 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 EICA
9 ETFs have low correlation with EICA (below 0.3), 4 of which are negatively correlated. The least correlated is Eldridge BBB-B CLO ETF (CLOZ) (CLO) with a 1Y correlation of -0.09, down from 0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eldridge BBB-B CLO ETF | -0.09 | 0.04 | — | 63 | CLO | EICA vs CLOZ | |
| Global X MLP ETF | -0.08 | -0.00 | — | 68 | MLPs | EICA vs MLPA | |
| Global X NASDAQ 100 Covered Call ETF | -0.08 | 0.02 | — | 87 | Nasdaq-100, Derivative Income | EICA vs QYLD | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.04 | 0.04 | — | 66 | Nasdaq-100, Derivative Income | EICA vs JEPQ | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.01 | — | — | 85 | Derivative Income, S&P 500 | EICA vs GPIX |
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