Looking to diversify beyond EVNT? The ETFs below have the lowest correlation with EVNT — 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 EVNT.
Best Diversifiers for EVNT
513 ETFs have low correlation with EVNT (below 0.3), 60 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.33, down from -0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.33 | -0.06 | — | 78 | Oil & Gas | EVNT vs UGA | |
| Invesco DB Energy Fund | -0.32 | -0.07 | 0.09 | 53 | Oil & Gas | EVNT vs DBE | |
| Invesco DB US Dollar Index Bullish Fund | -0.28 | -0.24 | — | 51 | Currency | EVNT vs UUP | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.01 | — | 51 | Commodities | EVNT vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.24 | -0.01 | -0.01 | 51 | Commodities | EVNT vs DCMT |
See all 1557 diversifiers for EVNT
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