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
439 ETFs have low correlation with ENZL (below 0.3), 63 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.51, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.51 | -0.49 | -0.51 | 51 | Currency | ENZL vs UUP | |
| ProShares Short Bitcoin ETF | -0.35 | -0.23 | -0.27 | 57 | Cryptocurrency | ENZL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.26 | -0.26 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ENZL vs SBIT | |
| ProShares UltraShort Yen | -0.33 | -0.30 | -0.28 | 72 | Leveraged Currency | ENZL vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 68 | Inverse Equities, Leveraged Equities | ENZL vs MSTZ |
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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 0.18, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.18 | 0.24 | 0.32 | 65 | Technology |
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