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
1279 ETFs have low correlation with ENOR (below 0.3), 66 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.26, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | -0.25 | -0.25 | 60 | Inverse Equities, Leveraged Equities | ENOR vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | -0.26 | -0.26 | 53 | Inverse Equities | ENOR vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.23 | -0.24 | -0.24 | 65 | Derivative Income | ENOR vs WNTR | |
| ProShares UltraShort Yen | -0.17 | -0.18 | -0.16 | 75 | Leveraged Currency | ENOR vs YCS | |
| Cambria Tactical Yield ETF | -0.16 | -0.05 | -0.05 | 99 | ENOR vs TYLD |
To view more results, upgrade your current subscription plan.
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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.06 | 0.05 | 0.16 | 82 | Consumer Defensive | |
| Monster Beverage Corporation | -0.03 | 0.06 | 0.15 | 93 | Consumer Defensive | |
| Indivior PLC Ordinary Shares | -0.02 | 0.16 | 0.13 | 98 | Healthcare | |
| AxoGen, Inc. | 0.02 | 0.15 | 0.22 | 98 | Healthcare | |
| CareTrust REIT, Inc. | 0.05 | 0.16 | 0.22 | 83 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ENOR
Add ENOR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ENOR