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
1971 ETFs have low correlation with ENFR (below 0.3), 1515 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2034 Municipal Bond ETF | -0.27 | — | — | 76 | Municipal Bonds | ENFR vs BSMY | |
| Vanguard Tax-Exempt Bond ETF | -0.25 | 0.03 | 0.04 | 80 | Municipal Bonds | ENFR vs VTEB | |
| Eaton Vance Intermediate Municipal Income ETF | -0.25 | — | — | 79 | Municipal Bonds | ENFR vs EVIM | |
| Schwab Municipal Bond ETF | -0.25 | 0.03 | 0.02 | 74 | Municipal Bonds | ENFR vs SCMB | |
| BNY Mellon Ultra Short Income ETF | -0.25 | -0.05 | — | 99 | Ultrashort Bond | ENFR vs BKUI |
To view more results, upgrade your current subscription plan.
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 Annaly Capital Management, Inc. (NLY) (Real Estate) with a 1Y correlation of -0.04, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Annaly Capital Management, Inc. | -0.04 | 0.27 | 0.40 | 85 | Real Estate | |
| Citigroup Inc. | -0.04 | 0.27 | 0.43 | 89 | Financial Services | |
| Innovative Industrial Properties, Inc. | 0.01 | 0.20 | 0.29 | 70 | Real Estate | |
| Brookfield Renewable Corporation | 0.07 | — | — | 52 | Utilities | |
| Bank of America Corporation | 0.08 | 0.31 | 0.41 | 80 | Financial Services |
To view more results, upgrade your current subscription plan.
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