Looking to diversify beyond ELCV? The ETFs below have the lowest correlation with ELCV — 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 ELCV.
Best Diversifiers for ELCV
368 ETFs have low correlation with ELCV (below 0.3), 26 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 60 | Inverse Equities, Leveraged Equities | ELCV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 53 | Inverse Equities | ELCV vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 65 | Derivative Income | ELCV vs WNTR | |
| ProShares UltraShort Yen | -0.23 | — | — | 75 | Leveraged Currency | ELCV vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | — | — | 100 | Government Bonds, Ultrashort Bond | ELCV vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ELCV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ELCV and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CareTrust REIT, Inc. | 0.12 | — | — | 83 | Real Estate |
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