Looking to diversify beyond EVLN? The ETFs below have historically moved differently from EVLN, 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 EVLN
1242 ETFs have low correlation with EVLN (below 0.3), 171 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 52 | Inverse Equities | EVLN vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 61 | Inverse Equities, Leveraged Equities | EVLN vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.29 | — | — | 75 | Derivative Income | EVLN vs WNTR | |
| ProShares Short Bitcoin ETF | -0.28 | — | — | 61 | Cryptocurrency | EVLN vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EVLN vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EVLN, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.20, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.20 | -0.00 | -0.00 | 80 | Energy | |
| Apple Inc | 0.22 | 0.24 | 0.24 | 89 | Technology |
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