Looking to diversify beyond EAGG? The ETFs below have historically moved differently from EAGG, 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 EAGG
779 ETFs have low correlation with EAGG (below 0.3), 116 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.47 | -0.50 | 56 | Leveraged Currency | EAGG vs YCS | |
| Invesco DB Oil Fund | -0.44 | -0.24 | -0.16 | 58 | Oil & Gas | EAGG vs DBO | |
| United States Brent Oil Fund LP | -0.44 | -0.24 | -0.16 | 52 | Oil & Gas | EAGG vs BNO | |
| United States Oil Fund LP | -0.44 | -0.25 | -0.16 | 55 | Oil & Gas | EAGG vs USO | |
| Invesco DB Energy Fund | -0.44 | -0.25 | -0.16 | 72 | Oil & Gas | EAGG vs DBE |
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