Looking to balance out your exposure to ENOV? The ETFs below have the lowest correlation with ENOV — they tend to move on their own, which can help reduce risk when ENOV drops. The stock ideas table highlights individual companies that behave independently from ENOV.
Best Diversifiers for ENOV
0 ETFs have low correlation with ENOV (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 0.44, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.44 | 0.46 | 0.56 | 74 | S&P 500 | ENOV vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ENOV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ENOV and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.02, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.02 | 0.14 | 0.25 | 84 | Energy | |
| Planet Labs PBC | 0.03 | 0.27 | 0.31 | 99 | Industrials | |
| Roivant Sciences Ltd. | 0.13 | 0.22 | — | 98 | Healthcare | |
| UnitedHealth Group Incorporated | 0.20 | 0.13 | 0.19 | 66 | Healthcare | |
| ITT Inc. | 0.35 | 0.44 | 0.56 | 71 | Industrials |
Build a portfolio that complements ENOV
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