Looking to balance out your exposure to ETN? The ETFs below have the lowest correlation with ETN — they tend to move on their own, which can help reduce risk when ETN drops. The stock ideas table highlights individual companies that behave independently from ETN.
Best Diversifiers for ETN
57 ETFs have low correlation with ETN (below 0.3), 17 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.16, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.02 | 0.01 | 100 | Ultrashort Bond | ETN vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.03 | -0.01 | 100 | Government Bonds, Ultrashort Bond | ETN vs USFR | |
| Vanguard Ultra-Short Treasury ETF | -0.15 | -0.17 | -0.17 | 100 | Ultrashort Bond, Government Bonds | ETN vs VGUS | |
| F/m US Treasury 3 Month Bill ETF | -0.08 | 0.02 | — | 100 | Ultrashort Bond | ETN vs TBIL | |
| iShares Treasury Floating Rate Bond ETF | -0.07 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | ETN vs TFLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ETN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ETN and solid risk/return profiles. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.23, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.23 | -0.12 | 0.04 | 68 | Utilities | |
| Cboe Global Markets, Inc. | -0.23 | -0.20 | 0.02 | 59 | Financial Services | |
| Arch Capital Group Ltd. | -0.23 | 0.01 | 0.19 | 65 | Financial Services | |
| Chubb Limited | -0.22 | -0.02 | 0.20 | 83 | Financial Services | |
| Waste Management, Inc. | -0.22 | 0.02 | 0.20 | 51 | Industrials |
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