Looking to diversify beyond ENFR? The ETFs below have historically moved differently from ENFR, 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 ENFR
2173 ETFs have low correlation with ENFR (below 0.3), 1654 of which are negatively correlated. The least correlated is Vanguard Tax-Exempt Bond ETF (VTEB) (Municipal Bonds) with a 1Y correlation of -0.27, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | -0.27 | 0.02 | 0.03 | 68 | Municipal Bonds | ENFR vs VTEB | |
| Fidelity Municipal Bond Opportunities ETF | -0.27 | -0.16 | -0.16 | 69 | Municipal Bonds | ENFR vs FMUB | |
| Schwab Municipal Bond ETF | -0.26 | 0.01 | — | 55 | Municipal Bonds | ENFR vs SCMB | |
| BondBloxx IR+M Tax-Aware ETF for Massachusetts Res... | -0.26 | -0.10 | -0.10 | 52 | Municipal Bonds | ENFR vs TAXM | |
| Vanguard Core Tax-Exempt Bond ETF | -0.25 | -0.09 | -0.09 | 74 | Municipal Bonds | ENFR vs VCRM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ENFR, 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 Citigroup Inc. (C) (Financial Services) with a 1Y correlation of -0.06, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Citigroup Inc. | -0.06 | 0.25 | 0.41 | 87 | Financial Services | |
| Annaly Capital Management, Inc. | -0.05 | 0.26 | 0.39 | 79 | Real Estate | |
| Innovative Industrial Properties, Inc. | 0.00 | 0.19 | 0.29 | 71 | Real Estate | |
| Bank of America Corporation | 0.01 | 0.30 | 0.43 | 85 | Financial Services | |
| JPMorgan Chase & Co. | 0.07 | 0.28 | 0.40 | 73 | Financial Services |
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