Looking to diversify beyond ENFR? The ETFs below have the lowest correlation with ENFR — 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 ENFR.
Best Diversifiers for ENFR
1889 ETFs have low correlation with ENFR (below 0.3), 1297 of which are negatively correlated. The least correlated is BNY Mellon Ultra Short Income ETF (BKUI) (Ultrashort Bond) with a 1Y correlation of -0.26, down from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Ultra Short Income ETF | -0.26 | -0.03 | — | 99 | Ultrashort Bond | ENFR vs BKUI | |
| Schwab Municipal Bond ETF | -0.23 | 0.04 | — | 63 | Municipal Bonds | ENFR vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | -0.22 | 0.05 | 0.04 | 72 | Municipal Bonds | ENFR vs VTEB | |
| Franklin Short Duration U.S. Government ETF | -0.22 | -0.06 | -0.02 | 95 | Mortgage Backed Securities | ENFR vs FTSD | |
| Fidelity Municipal Bond Opportunities ETF | -0.22 | — | — | 77 | Municipal Bonds | ENFR vs FMUB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ENFR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ENFR and solid risk/return profiles. The least correlated is Citigroup Inc. (C) (Financial Services) with a 1Y correlation of -0.02, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Citigroup Inc. | -0.02 | 0.29 | 0.44 | 94 | Financial Services | |
| Annaly Capital Management, Inc. | -0.01 | 0.28 | 0.41 | 81 | Real Estate | |
| Innovative Industrial Properties, Inc. | 0.03 | 0.22 | 0.29 | 60 | Real Estate | |
| Bank of America Corporation | 0.05 | 0.34 | 0.45 | 74 | Financial Services | |
| Brookfield Renewable Corporation | 0.05 | — | — | 62 | Utilities |
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Build a portfolio that complements ENFR
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