Looking to balance out your exposure to ENS? The ETFs below have the lowest correlation with ENS — they tend to move on their own, which can help reduce risk when ENS drops. The stock ideas table highlights individual companies that behave independently from ENS.
Best Diversifiers for ENS
0 ETFs have low correlation with ENS (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.49, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.49 | 0.44 | 0.53 | 73 | Nasdaq-100 | ENS vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.54 | 0.52 | 0.60 | 70 | S&P 500 | ENS vs SPY | |
| Vanguard S&P 500 ETF | 0.54 | 0.53 | 0.60 | 70 | S&P 500 | ENS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ENS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ENS and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.26, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.26 | -0.17 | 0.02 | 68 | Financial Services | |
| The Travelers Companies, Inc. | 0.02 | 0.11 | 0.22 | 51 | Financial Services | |
| Monster Beverage Corporation | 0.09 | 0.15 | 0.28 | 79 | Consumer Defensive | |
| Eli Lilly and Company | 0.12 | 0.13 | 0.16 | 72 | Healthcare | |
| CVS Health Corporation | 0.14 | 0.18 | 0.25 | 80 | Healthcare |
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