Looking to balance out your exposure to EVC? The ETFs below have the lowest correlation with EVC — they tend to move on their own, which can help reduce risk when EVC drops. The stock ideas table highlights individual companies that behave independently from EVC.
Best Diversifiers for EVC
1 ETFs have low correlation with EVC (below 0.3), 0 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call ETF (QYLD) (Nasdaq-100) with a 1Y correlation of 0.24, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | 0.24 | 0.22 | 0.34 | 88 | Nasdaq-100, Derivative Income | EVC vs QYLD |
Diversification Analysis
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