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
60 ETFs have low correlation with ETN (below 0.3), 17 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.14, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.14 | -0.01 | 0.07 | 66 | Oil & Gas | ETN vs USO | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.00 | 0.02 | 100 | Ultrashort Bond | ETN vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.13 | -0.06 | 0.03 | 93 | Inflation-Protected Bonds | ETN vs VTIP | |
| ProShares Ultra Bloomberg Crude Oil | -0.11 | 0.01 | 0.09 | 54 | Leveraged Commodities | ETN vs UCO | |
| iShares 0-5 Year TIPS Bond ETF | -0.10 | -0.04 | 0.04 | 93 | Inflation-Protected Bonds | ETN vs STIP |
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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 Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.20, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.20 | -0.19 | 0.03 | 68 | Financial Services | |
| Altria Group, Inc. | -0.13 | -0.07 | 0.08 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | -0.11 | -0.09 | 0.04 | 59 | Communication Services | |
| Chubb Limited | -0.10 | 0.04 | 0.24 | 51 | Financial Services | |
| Exxon Mobil Corporation | -0.10 | 0.04 | 0.16 | 85 | Energy |
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