Looking to balance out your exposure to EICA? The ETFs below have the lowest correlation with EICA — they tend to move on their own, which can help reduce risk when EICA drops. The stock ideas table highlights individual companies that behave independently from EICA.
Best Diversifiers for EICA
4 ETFs have low correlation with EICA (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.02, roughly unchanged from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.02 | 0.08 | — | 80 | Dividend | EICA vs SCHD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.03 | 0.06 | — | 74 | Nasdaq-100, Derivative Income | EICA vs JEPQ | |
| State Street SPDR S&P 500 ETF | 0.08 | 0.09 | — | 70 | S&P 500 | EICA vs SPY | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.12 | 0.13 | — | 56 | Preferred Stock/Convertible Bonds | EICA vs PFFA |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EICA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EICA and solid risk/return profiles. The least correlated is Eagle Point Credit Company Inc. (ECCC) (Financial Services) with a 1Y correlation of -0.04, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eagle Point Credit Company Inc. | -0.04 | 0.03 | — | 81 | Financial Services |
Build a portfolio that complements EICA
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