Looking to balance out your exposure to ENTA? The ETFs below have the lowest correlation with ENTA — they tend to move on their own, which can help reduce risk when ENTA drops. The stock ideas table highlights individual companies that behave independently from ENTA.
Best Diversifiers for ENTA
0 ETFs have low correlation with ENTA (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Nasdaq Biotechnology ETF (IBB) (Health & Biotech Equities) with a 1Y correlation of 0.38, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Nasdaq Biotechnology ETF | 0.38 | 0.43 | 0.47 | 56 | Health & Biotech Equities | ENTA vs IBB | |
| SPDR S&P Biotech ETF | 0.45 | 0.48 | 0.53 | 74 | Health & Biotech Equities | ENTA vs XBI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ENTA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ENTA and solid risk/return profiles. The least correlated is Oklo Inc. (OKLO) (Utilities) with a 1Y correlation of 0.12, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oklo Inc. | 0.12 | 0.12 | 0.10 | 52 | Utilities | |
| Opendoor Technologies Inc. | 0.12 | 0.20 | 0.22 | 96 | Real Estate | |
| Cipher Mining Inc. | 0.18 | 0.19 | 0.16 | 96 | Financial Services | |
| Capricor Therapeutics, Inc. | 0.21 | 0.22 | 0.21 | 79 | Healthcare | |
| Keel Infrastructure Corporation | 0.23 | 0.17 | 0.20 | 94 | Financial Services |
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