Looking to balance out your exposure to ETN? The ETFs below have historically moved differently from ETN, 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 ETN
77 ETFs have low correlation with ETN (below 0.3), 26 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.17, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.17 | -0.03 | 0.00 | 100 | Ultrashort Bond | ETN vs SGOV | |
| Vanguard Ultra-Short Treasury ETF | -0.14 | — | — | 100 | Ultrashort Bond, Government Bonds | ETN vs VGUS | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.05 | -0.01 | 100 | Government Bonds, Ultrashort Bond | ETN vs USFR | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.13 | 0.13 | 0.32 | 92 | Large Cap Value Equities, Dividend | ETN vs FDL | |
| F/m US Treasury 3 Month Bill ETF | -0.09 | 0.01 | — | 100 | Ultrashort Bond | ETN vs TBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ETN, 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 Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.26, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.26 | -0.21 | 0.00 | 69 | Financial Services | |
| Colgate-Palmolive Company | -0.26 | -0.11 | 0.06 | 59 | Consumer Defensive | |
| Arch Capital Group Ltd. | -0.25 | 0.00 | 0.17 | 67 | Financial Services | |
| The Coca-Cola Company | -0.24 | -0.10 | 0.09 | 90 | Consumer Defensive | |
| PepsiCo, Inc. | -0.23 | -0.08 | 0.09 | 50 | Consumer Defensive |
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