Looking to balance out your exposure to ENB? The ETFs below have the lowest correlation with ENB — they tend to move on their own, which can help reduce risk when ENB drops. The stock ideas table highlights individual companies that behave independently from ENB.
Best Diversifiers for ENB
281 ETFs have low correlation with ENB (below 0.3), 151 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of -0.18, down from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | -0.18 | 0.08 | — | 74 | Nasdaq-100, Derivative Income | ENB vs JEPQ | |
| Fidelity Nasdaq Composite Index ETF | -0.18 | 0.09 | 0.25 | 68 | Large Cap Growth Equities | ENB vs ONEQ | |
| NEOS Nasdaq-100 High Income ETF | -0.17 | — | — | 68 | Nasdaq-100, Derivative Income | ENB vs QQQI | |
| Invesco QQQ ETF | -0.17 | 0.08 | 0.23 | 73 | Nasdaq-100 | ENB vs QQQ | |
| Fidelity Blue Chip Growth ETF | -0.17 | 0.06 | 0.21 | 57 | Large Cap Growth Equities | ENB vs FBCG |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ENB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ENB and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.18, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.18 | 0.01 | 0.13 | 60 | Consumer Cyclical | |
| The Estee Lauder Companies Inc. | -0.17 | 0.10 | 0.21 | 52 | Consumer Defensive | |
| Cloudflare, Inc. | -0.17 | 0.05 | 0.14 | 67 | Technology | |
| CRISPR Therapeutics AG | -0.17 | 0.06 | 0.14 | 58 | Healthcare | |
| Alphabet Inc. Class A | -0.15 | -0.00 | 0.16 | 96 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ENB
Add ENB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ENB