Looking to diversify beyond ENHI? The ETFs below have the lowest correlation with ENHI — 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 ENHI.
Best Diversifiers for ENHI
0 ETFs have low correlation with ENHI (below 0.3), 0 of which are negatively correlated. The least correlated is Renaissance International IPO ETF (IPOS) (Foreign Large Cap Equities) with a 1Y correlation of 0.67, roughly unchanged from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Renaissance International IPO ETF | 0.67 | 0.67 | 0.67 | 72 | Foreign Large Cap Equities | ENHI vs IPOS | |
| First Trust Developed Markets ex-US AlphaDEX Fund | 0.83 | 0.83 | 0.83 | 69 | Foreign Large Cap Equities | ENHI vs FDT | |
| Xtrackers MSCI All World ex US Hedged Equity ETF | 0.83 | 0.83 | 0.83 | 87 | Foreign Large Cap Equities | ENHI vs DBAW | |
| iShares MSCI ACWI ETF | 0.86 | 0.86 | 0.86 | 65 | Global Equities | ENHI vs ACWI |
Diversification Analysis
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