Looking to diversify beyond EFIV? The ETFs below have the lowest correlation with EFIV — 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 EFIV.
Best Diversifiers for EFIV
393 ETFs have low correlation with EFIV (below 0.3), 96 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.07 | 0.09 | 71 | Oil & Gas | EFIV vs DBE | |
| United States Oil Fund LP | -0.33 | -0.06 | 0.07 | 66 | Oil & Gas | EFIV vs USO | |
| United States Brent Oil Fund LP | -0.31 | -0.06 | 0.08 | 65 | Oil & Gas | EFIV vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.03 | 0.09 | 56 | Oil & Gas | EFIV vs OILK | |
| Invesco DB Oil Fund | -0.29 | -0.04 | 0.09 | 65 | Oil & Gas | EFIV vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EFIV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EFIV and solid risk/return profiles. The least correlated is Rivian Automotive, Inc. (RIVN) (Consumer Cyclical) with a 1Y correlation of 0.35, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rivian Automotive, Inc. | 0.35 | 0.39 | 0.47 | 52 | Consumer Cyclical |
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