Looking to diversify beyond EKG? The ETFs below have the lowest correlation with EKG — 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 EKG.
Best Diversifiers for EKG
488 ETFs have low correlation with EKG (below 0.3), 74 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.29, down from -0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.29 | -0.07 | — | 66 | Oil & Gas | EKG vs USO | |
| United States 12 Month Oil Fund LP | -0.28 | -0.04 | — | 56 | Oil & Gas | EKG vs USL | |
| ProShares Ultra Bloomberg Crude Oil | -0.28 | -0.04 | 0.03 | 54 | Leveraged Commodities | EKG vs UCO | |
| United States Brent Oil Fund LP | -0.28 | -0.06 | 0.01 | 65 | Oil & Gas | EKG vs BNO | |
| Invesco DB Energy Fund | -0.28 | -0.07 | 0.02 | 71 | Oil & Gas | EKG vs DBE |
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