Looking to balance out your exposure to ENVA? The ETFs below have the lowest correlation with ENVA — they tend to move on their own, which can help reduce risk when ENVA drops. The stock ideas table highlights individual companies that behave independently from ENVA.
Best Diversifiers for ENVA
0 ETFs have low correlation with ENVA (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Japan Hedged Equity Fund (DXJ) (Japan Equities) with a 1Y correlation of 0.30, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Japan Hedged Equity Fund | 0.30 | 0.36 | 0.44 | 88 | Japan Equities | ENVA vs DXJ | |
| iShares International Developed Small Cap Value Fa... | 0.32 | 0.42 | 0.49 | 54 | Small Cap Value Equities | ENVA vs ISVL | |
| Invesco International BuyBack Achievers™ ETF | 0.35 | 0.40 | 0.48 | 54 | Global Equities | ENVA vs IPKW | |
| Vanguard International High Dividend Yield ETF | 0.36 | 0.41 | 0.49 | 66 | Dividend, Foreign Large Cap Equities | ENVA vs VYMI | |
| iShares MSCI Spain ETF | 0.38 | 0.34 | 0.44 | 55 | Europe Equities | ENVA vs EWP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ENVA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ENVA and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.09, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.09 | 0.11 | 0.21 | 85 | Energy | |
| Johnson & Johnson | -0.07 | 0.01 | 0.06 | 92 | Healthcare | |
| Welltower Inc. | -0.03 | 0.11 | 0.22 | 79 | Real Estate | |
| Energy Transfer LP | -0.01 | 0.26 | 0.34 | 69 | Energy | |
| Elbit Systems Ltd | -0.00 | 0.11 | 0.16 | 88 | Industrials |
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Build a portfolio that complements ENVA
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