Looking to balance out your exposure to ENLT? The ETFs below have historically moved differently from ENLT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ENLT
3 ETFs have low correlation with ENLT (below 0.3), 2 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of -0.12, down from -0.01 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.12 | -0.01 | — | 99 | Commodities | ENLT vs BWET | |
| United States Gasoline Fund, LP | -0.10 | -0.04 | — | 87 | Oil & Gas | ENLT vs UGA | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 0.11 | 0.11 | — | 85 | Energy Equities | ENLT vs XES | |
| iShares MSCI South Korea ETF | 0.41 | 0.32 | — | 86 | South Korea Equities, Asia Pacific Equities | ENLT vs EWY | |
| Invesco Semiconductors ETF | 0.45 | 0.33 | — | 90 | Semiconductors, Technology Equities | ENLT vs PSI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ENLT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Philip Morris International Inc. (PM) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Philip Morris International Inc. | -0.13 | 0.02 | 0.02 | 66 | Consumer Defensive | |
| Cencora Inc. | -0.06 | -0.04 | -0.03 | 53 | Healthcare | |
| Emera Inc | 0.01 | -0.01 | -0.01 | 85 | Utilities | |
| Welltower Inc. | 0.03 | 0.09 | 0.10 | 89 | Real Estate | |
| Corcept Therapeutics Incorporated | 0.10 | 0.12 | 0.13 | 72 | Healthcare |
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