Looking to balance out your exposure to ENPH? The ETFs below have historically moved differently from ENPH, 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 ENPH
83 ETFs have low correlation with ENPH (below 0.3), 15 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Ultra-Short Treasury ETF | -0.11 | — | — | 100 | Ultrashort Bond, Government Bonds | ENPH vs VGUS | |
| Invesco DB Commodity Index Tracking Fund | -0.11 | 0.08 | 0.08 | 56 | Commodities | ENPH vs DBC | |
| Fidelity MSCI Energy Index ETF | -0.10 | 0.12 | 0.16 | 69 | Energy Equities | ENPH vs FENY | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.09 | 0.08 | 0.08 | 58 | Commodities | ENPH vs PDBC | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.08 | 0.17 | 0.21 | 50 | Energy Equities | ENPH vs XOP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ENPH, 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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.28, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.29 | -0.03 | 0.01 | 53 | Utilities | |
| Arch Capital Group Ltd. | -0.28 | -0.10 | 0.03 | 60 | Financial Services | |
| Chubb Limited | -0.25 | -0.06 | 0.03 | 86 | Financial Services | |
| RenaissanceRe Holdings Ltd. | -0.18 | -0.00 | 0.05 | 82 | Financial Services | |
| McKesson Corporation | -0.17 | -0.09 | 0.00 | 59 | Healthcare |
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Build a portfolio that complements ENPH
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