Looking to diversify beyond ENZL? The ETFs below have the lowest correlation with ENZL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ENZL.
Best Diversifiers for ENZL
455 ETFs have low correlation with ENZL (below 0.3), 63 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.29 | -0.28 | 61 | Leveraged Currency | ENZL vs YCS | |
| United States Oil Fund LP | -0.26 | -0.03 | 0.08 | 66 | Oil & Gas | ENZL vs USO | |
| United States Brent Oil Fund LP | -0.26 | -0.03 | 0.08 | 65 | Oil & Gas | ENZL vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.26 | — | — | 56 | Derivative Income | ENZL vs USOY | |
| United States Gasoline Fund LP | -0.25 | -0.04 | 0.06 | 69 | Oil & Gas | ENZL vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ENZL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ENZL and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.17, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.17 | 0.26 | 0.31 | 78 | Technology |
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