Looking to diversify beyond ENOR? The ETFs below have historically moved differently from ENOR, 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 ENOR
1516 ETFs have low correlation with ENOR (below 0.3), 97 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.27, roughly unchanged from -0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.27 | -0.24 | -0.24 | 55 | Cryptocurrency, Leveraged Cryptocurrency | ENOR vs SBIT | |
| ProShares Short Bitcoin ETF | -0.27 | -0.20 | — | 61 | Cryptocurrency | ENOR vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 61 | Inverse Equities, Leveraged Equities | ENOR vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | — | — | 52 | Inverse Equities | ENOR vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.22 | — | — | 75 | Derivative Income | ENOR vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ENOR, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.07 | 0.04 | 0.15 | 90 | Consumer Defensive | |
| Monster Beverage Corporation | -0.05 | 0.04 | 0.14 | 94 | Consumer Defensive | |
| Indivior PLC Ordinary Shares | -0.02 | 0.16 | 0.13 | 95 | Healthcare | |
| AxoGen, Inc. | -0.02 | 0.14 | 0.22 | 98 | Healthcare | |
| CareTrust REIT, Inc. | 0.03 | 0.16 | 0.22 | 84 | Real Estate |
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