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
2016 ETFs have low correlation with ENFR (below 0.3), 1392 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 | -0.26 | 0.04 | — | 64 | Municipal Bonds | ENFR vs SCMB | |
| Franklin Short Duration U.S. Government ETF | -0.25 | -0.07 | -0.02 | 95 | Mortgage Backed Securities | ENFR vs FTSD | |
| IQ MacKay Municipal Insured ETF | -0.24 | 0.01 | 0.01 | 74 | Municipal Bonds | ENFR vs MMIN | |
| Strive Enhanced Income Short Maturity ETF | -0.23 | -0.03 | -0.03 | 97 | Ultrashort Bond | ENFR vs BUXX |
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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 | 0.30 | 0.44 | 91 | Financial Services | |
| Annaly Capital Management, Inc. | -0.00 | 0.30 | 0.41 | 76 | Real Estate | |
| Innovative Industrial Properties, Inc. | 0.03 | 0.23 | 0.30 | 56 | Real Estate | |
| Bank of America Corporation | 0.03 | 0.35 | 0.45 | 64 | Financial Services | |
| CVS Health Corporation | 0.07 | 0.13 | 0.24 | 80 | Healthcare |
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Build a portfolio that complements ENFR
Add ENFR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ENFR