Looking to balance out your exposure to ENPH? The ETFs below have the lowest correlation with ENPH — they tend to move on their own, which can help reduce risk when ENPH drops. The stock ideas table highlights individual companies that behave independently from ENPH.
Best Diversifiers for ENPH
75 ETFs have low correlation with ENPH (below 0.3), 12 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.10, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.10 | 0.08 | 0.09 | 60 | Commodities | ENPH vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.09 | 0.08 | 0.09 | 61 | Commodities | ENPH vs PDBC | |
| Fidelity MSCI Energy Index ETF | -0.08 | 0.13 | 0.17 | 56 | Energy Equities | ENPH vs FENY | |
| Vanguard Energy ETF | -0.08 | 0.13 | 0.17 | 56 | Energy Equities | ENPH vs VDE | |
| Vanguard Ultra-Short Treasury ETF | -0.08 | — | — | 100 | Ultrashort Bond, Government Bonds | ENPH vs VGUS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ENPH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ENPH and solid risk/return profiles. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.25, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.25 | -0.02 | 0.01 | 69 | Utilities | |
| Cheniere Energy, Inc. | -0.23 | -0.02 | 0.08 | 55 | Energy | |
| Arch Capital Group Ltd. | -0.22 | -0.08 | 0.04 | 62 | Financial Services | |
| Waste Management, Inc. | -0.22 | -0.05 | 0.06 | 51 | Industrials | |
| Duke Energy Corporation | -0.19 | 0.01 | 0.02 | 63 | Utilities |
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Build a portfolio that complements ENPH
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