Looking to diversify beyond EVLN? The ETFs below have the lowest correlation with EVLN — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from EVLN.
Best Diversifiers for EVLN
1238 ETFs have low correlation with EVLN (below 0.3), 165 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.29, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | -0.23 | -0.23 | 53 | Inverse Equities | EVLN vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | -0.23 | -0.23 | 60 | Inverse Equities, Leveraged Equities | EVLN vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | -0.28 | -0.28 | 65 | Derivative Income | EVLN vs WNTR | |
| Direxion Daily MU Bull 2X Shares | -0.25 | -0.25 | -0.25 | 99 | Leveraged Equities, Semiconductors | EVLN vs MUU | |
| Return Stacked Bonds & Futures Yield ETF | -0.25 | — | — | 51 | Multistrategy | EVLN vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EVLN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EVLN and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.13, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.13 | 0.02 | 0.02 | 67 | Energy | |
| Northrop Grumman Corporation | -0.10 | — | — | 50 | Industrials | |
| Block, Inc | 0.21 | — | — | 53 | Technology | |
| Apple Inc | 0.23 | 0.25 | 0.25 | 90 | Technology |
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