Looking to diversify beyond EUFN? The ETFs below have historically moved differently from EUFN, 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 EUFN
401 ETFs have low correlation with EUFN (below 0.3), 101 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.30 | — | 61 | Cryptocurrency | EUFN vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EUFN vs SBIT | |
| Invesco DB Energy Fund | -0.38 | -0.14 | 0.03 | 72 | Oil & Gas | EUFN vs DBE | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 52 | Inverse Equities | EUFN vs SMST | |
| United States Oil Fund LP | -0.36 | -0.14 | 0.03 | 55 | Oil & Gas | EUFN vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EUFN, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.15, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.15 | 0.04 | 0.20 | 84 | Energy | |
| Walmart Inc. | -0.05 | 0.08 | 0.16 | 62 | Consumer Defensive | |
| W. R. Berkley Corporation | -0.02 | 0.15 | 0.30 | 56 | Financial Services | |
| The Allstate Corporation | -0.01 | 0.17 | 0.29 | 82 | Financial Services | |
| Atmos Energy Corporation | 0.01 | 0.15 | 0.22 | 67 | Utilities |
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