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
9 ETFs have low correlation with EICA (below 0.3), 4 of which are negatively correlated. The least correlated is Panagram BBB-B CLO ETF (CLOZ) (CLO) with a 1Y correlation of -0.06, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Panagram BBB-B CLO ETF | -0.06 | 0.04 | — | 57 | CLO | EICA vs CLOZ | |
| Global X NASDAQ 100 Covered Call ETF | -0.05 | 0.03 | — | 88 | Nasdaq-100, Derivative Income | EICA vs QYLD | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.03 | 0.05 | — | 65 | Nasdaq-100, Derivative Income | EICA vs JEPQ | |
| Global X MLP ETF | -0.02 | 0.00 | — | 52 | MLPs | EICA vs MLPA | |
| Schwab U.S. Dividend Equity ETF | 0.01 | 0.08 | — | 86 | Dividend | EICA vs SCHD |
See all 9 diversifiers for EICA
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