Looking to diversify beyond ENOR? The ETFs below have the lowest correlation with ENOR — 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 ENOR.
Best Diversifiers for ENOR
1239 ETFs have low correlation with ENOR (below 0.3), 61 of which are negatively correlated. The least correlated is Roundhill Weekly T-Bill ETF (WEEK) (Ultrashort Bond) with a 1Y correlation of -0.19, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Weekly T-Bill ETF | -0.19 | -0.11 | -0.11 | 99 | Ultrashort Bond | ENOR vs WEEK | |
| ProShares UltraShort Yen | -0.18 | -0.19 | -0.16 | 61 | Leveraged Currency | ENOR vs YCS | |
| Cambria Tactical Yield ETF | -0.13 | -0.04 | -0.04 | 99 | ENOR vs TYLD | ||
| Invesco BulletShares 2032 Municipal Bond ETF | -0.13 | 0.05 | 0.02 | 64 | Municipal Bonds | ENOR vs BSMW | |
| iShares Short Maturity Municipal Bond ETF | -0.12 | 0.02 | 0.06 | 96 | Municipal Bonds | ENOR vs MEAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ENOR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ENOR and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.11, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.11 | 0.21 | 0.33 | 76 | Technology | |
| Tesla, Inc. | 0.21 | 0.25 | 0.31 | 59 | Consumer Cyclical | |
| Nordic American Tankers Limited | 0.23 | 0.30 | 0.31 | 97 | Industrials |
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