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
381 ETFs have low correlation with EVNT (below 0.3), 30 of which are negatively correlated. The least correlated is VanEck Commodity Strategy ETF (PIT) (Commodities) with a 1Y correlation of -0.19, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Commodity Strategy ETF | -0.19 | 0.02 | 0.08 | 55 | Commodities | EVNT vs PIT | |
| ProShares UltraShort Yen | -0.18 | -0.10 | -0.06 | 61 | Leveraged Currency | EVNT vs YCS | |
| First Trust Alternative Absolute Return Strategy E... | -0.18 | -0.03 | -0.01 | 70 | Commodities | EVNT vs FAAR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | -0.14 | -0.14 | 97 | Inflation-Protected Bonds | EVNT vs RBIL | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.12 | 0.01 | 0.01 | 50 | Commodities | EVNT vs CERY |
See all 1584 diversifiers for EVNT
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