Looking to diversify beyond ENCC.TO? The ETFs below have historically moved differently from ENCC.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ENCC.TO
76 ETFs have low correlation with ENCC.TO (below 0.3), 54 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 Income Advantage ETF | -0.22 | — | — | 62 | Nasdaq-100, Derivative Income, Options Trading, Actively Managed | ENCC.TO vs QQCI.TO | |
| Evolve Canadian Banks and Lifecos Enhanced Yield I... | -0.21 | 0.12 | — | 98 | Derivative Income | ENCC.TO vs BANK.TO | |
| Global X NASDAQ-100 Covered Call ETF | -0.21 | 0.02 | 0.11 | 53 | Nasdaq-100, Derivative Income | ENCC.TO vs QQCC.TO | |
| Vanguard S&P 500 Index ETF | -0.21 | 0.06 | 0.14 | 70 | S&P 500 | ENCC.TO vs VFV.TO | |
| Evolve European Banks Enhanced Yield ETF Hedged CA... | -0.21 | 0.04 | — | 69 | Financials Equities, Derivative Income | ENCC.TO vs EBNK.TO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ENCC.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is CT Real Estate Investment Trust (CRT-UN.TO) (Real Estate) with a 1Y correlation of -0.07, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CT Real Estate Investment Trust | -0.07 | 0.13 | 0.18 | 93 | Real Estate | |
| Pembina Pipeline Corporation | 0.69 | 0.67 | 0.70 | 89 | Energy | |
| Freehold Royalties Ltd. | 0.75 | 0.72 | 0.77 | 88 | Energy |
Build a portfolio that complements ENCC.TO
Add ENCC.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ENCC.TO