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
55 ETFs have low correlation with ENPH (below 0.3), 4 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.07, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.07 | -0.07 | -0.06 | 100 | Government Bonds, Ultrashort Bond | ENPH vs USFR | |
| Global X MLP & Energy Infrastructure ETF | -0.04 | 0.14 | 0.20 | 51 | MLPs | ENPH vs MLPX | |
| iShares 0-3 Month Treasury Bond ETF | -0.01 | 0.01 | -0.03 | 100 | Ultrashort Bond | ENPH vs SGOV | |
| iShares 0-5 Year TIPS Bond ETF | -0.01 | 0.11 | 0.09 | 88 | Inflation-Protected Bonds | ENPH vs STIP | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.00 | -0.02 | 0.00 | 100 | Government Bonds, Ultrashort Bond | ENPH vs BIL |
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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 -0.20, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.20 | 0.01 | 0.02 | 66 | Utilities | |
| Duke Energy Corporation | -0.17 | 0.03 | 0.02 | 64 | Utilities | |
| Chubb Limited | -0.13 | -0.03 | 0.05 | 72 | Financial Services | |
| RenaissanceRe Holdings Ltd. | -0.10 | 0.02 | 0.06 | 77 | Financial Services | |
| The Southern Company | -0.09 | 0.05 | 0.04 | 57 | Utilities |
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Build a portfolio that complements ENPH
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