Looking to balance out your exposure to EIC? The ETFs below have the lowest correlation with EIC — they tend to move on their own, which can help reduce risk when EIC drops. The stock ideas table highlights individual companies that behave independently from EIC.
Best Diversifiers for EIC
34 ETFs have low correlation with EIC (below 0.3), 6 of which are negatively correlated. The least correlated is Virtus Newfleet ABS/MBS ETF (VABS) (Mortgage Backed Securities) with a 1Y correlation of -0.13, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Newfleet ABS/MBS ETF | -0.13 | -0.01 | -0.01 | 69 | Mortgage Backed Securities | EIC vs VABS | |
| US Treasury 3 Month Bill ETF | -0.08 | 0.00 | — | 100 | Ultrashort Bond | EIC vs TBIL | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -0.06 | 0.01 | 0.01 | 64 | Commodities | EIC vs USOI | |
| iShares 0-3 Month Treasury Bond ETF | -0.06 | 0.01 | -0.02 | 100 | Ultrashort Bond | EIC vs SGOV | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.03 | 0.00 | 0.05 | 74 | Commodities | EIC vs SDCI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EIC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EIC and solid risk/return profiles. The least correlated is Frontline Ltd. (FRO) (Energy) with a 1Y correlation of -0.00, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | -0.00 | 0.09 | 0.08 | 89 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.08 | 0.07 | 0.08 | 88 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.08 | 0.15 | 0.15 | 63 | Financial Services | |
| Prologis, Inc. | 0.12 | 0.17 | 0.16 | 83 | Real Estate | |
| Oxford Lane Capital Corp. | 0.12 | 0.04 | 0.08 | 95 | Financial Services |
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Build a portfolio that complements EIC
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