Looking to diversify beyond ENZL? The ETFs below have historically moved differently from ENZL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ENZL
460 ETFs have low correlation with ENZL (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.30 | -0.29 | 56 | Leveraged Currency | ENZL vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.31 | — | — | 58 | Derivative Income | ENZL vs WNTR | |
| United States Gasoline Fund, LP | -0.24 | -0.07 | 0.05 | 72 | Oil & Gas | ENZL vs UGA | |
| Invesco DB Energy Fund | -0.23 | -0.05 | 0.07 | 54 | Oil & Gas | ENZL vs DBE | |
| TCW AAA CLO ETF | -0.14 | -0.14 | -0.14 | 99 | CLO | ENZL vs ACLO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ENZL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.21, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.21 | 0.24 | 0.32 | 63 | Technology |
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