Looking to diversify beyond ETCO? The ETFs below have historically moved differently from ETCO, 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 ETCO
668 ETFs have low correlation with ETCO (below 0.3), 32 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.15, roughly unchanged from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.15 | -0.15 | -0.15 | 58 | Inverse Equities | ETCO vs NFXS | |
| iShares Diversified Commodity Swap UCITS ETF | -0.12 | -0.12 | — | 56 | Commodities | ETCO vs ISCMF | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.10 | — | — | 98 | Inflation-Protected Bonds | ETCO vs RBIL | |
| Invesco DB Energy Fund | -0.08 | -0.08 | -0.08 | 72 | Oil & Gas | ETCO vs DBE | |
| ClearShares Ultra-Short Maturity ETF | -0.07 | -0.07 | -0.07 | 100 | Ultrashort Bond | ETCO vs OPER |
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