Looking to diversify beyond EIDO? The ETFs below have historically moved differently from EIDO, 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 EIDO
1655 ETFs have low correlation with EIDO (below 0.3), 79 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.25, roughly unchanged from -0.19 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.25 | -0.19 | — | 51 | Cryptocurrency | EIDO vs BITI | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | EIDO vs IBIC | |
| United States Gasoline Fund, LP | -0.18 | -0.05 | 0.05 | 83 | Oil & Gas | EIDO vs UGA | |
| Invesco DB Energy Fund | -0.16 | -0.05 | 0.06 | 66 | Oil & Gas | EIDO vs DBE | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.16 | -0.18 | -0.18 | 69 | Derivative Income | EIDO vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EIDO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Baidu, Inc. (BIDU) (Communication Services) with a 1Y correlation of 0.06, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Baidu, Inc. | 0.06 | 0.17 | 0.23 | 64 | Communication Services | |
| JD.com, Inc. | 0.17 | 0.17 | 0.21 | 53 | Consumer Cyclical | |
| Alibaba Group Holding Limited | 0.20 | 0.24 | 0.26 | 50 | Consumer Cyclical | |
| Rolls-Royce Holdings plc | 0.28 | 0.23 | 0.23 | 77 | Industrials |
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