Looking to diversify beyond ETHE? The ETFs below have the lowest correlation with ETHE — 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 ETHE.
Best Diversifiers for ETHE
549 ETFs have low correlation with ETHE (below 0.3), 31 of which are negatively correlated. The least correlated is FlexShares Ultra-Short Income ETF (RAVI) (Ultrashort Bond) with a 1Y correlation of -0.07, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FlexShares Ultra-Short Income ETF | -0.07 | 0.05 | 0.08 | 99 | Ultrashort Bond | ETHE vs RAVI | |
| Brookstone Ultra-Short Bond ETF | -0.07 | — | — | 98 | Ultrashort Bond | ETHE vs BAMU | |
| WisdomTree Floating Rate Treasury Fund | -0.07 | 0.03 | 0.03 | 100 | Government Bonds, Ultrashort Bond | ETHE vs USFR | |
| Breakwave Tanker Shipping ETF | -0.07 | -0.04 | — | 98 | Commodities | ETHE vs BWET | |
| ProShares UltraShort Yen | -0.06 | -0.00 | -0.02 | 61 | Leveraged Currency | ETHE vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ETHE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ETHE and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.17, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.17 | -0.04 | 0.05 | 68 | Financial Services | |
| Altria Group, Inc. | -0.14 | -0.04 | 0.00 | 70 | Consumer Defensive | |
| Duke Energy Corporation | -0.14 | -0.06 | -0.03 | 62 | Utilities | |
| Walmart Inc. | -0.13 | 0.02 | 0.06 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | -0.12 | -0.08 | -0.02 | 63 | Communication Services |
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