Looking to balance out your exposure to ENIC? The ETFs below have the lowest correlation with ENIC — they tend to move on their own, which can help reduce risk when ENIC drops. The stock ideas table highlights individual companies that behave independently from ENIC.
Best Diversifiers for ENIC
0 ETFs have low correlation with ENIC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.37, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.37 | 0.34 | 0.30 | 70 | S&P 500 | ENIC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ENIC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ENIC and solid risk/return profiles. The least correlated is Sociedad Química y Minera de Chile S.A. (SQM) (Basic Materials) with a 1Y correlation of 0.32, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sociedad Química y Minera de Chile S.A. | 0.32 | 0.35 | 0.33 | 93 | Basic Materials | |
| Banco de Chile | 0.65 | 0.55 | 0.50 | 66 | Financial Services |
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