Looking to diversify beyond EIDO? The ETFs below have the lowest correlation with EIDO — 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 EIDO.
Best Diversifiers for EIDO
1570 ETFs have low correlation with EIDO (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.23, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.23 | -0.18 | -0.23 | 53 | Cryptocurrency | EIDO vs BITI | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | EIDO vs IBIC | |
| Return Stacked Bonds & Futures Yield ETF | -0.18 | — | — | 54 | Multistrategy | EIDO vs RSBY | |
| Invesco DB Energy Fund | -0.17 | -0.06 | 0.06 | 57 | Oil & Gas | EIDO vs DBE | |
| United States Gasoline Fund LP | -0.16 | -0.05 | 0.06 | 82 | Oil & Gas | EIDO vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EIDO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EIDO and solid risk/return profiles. The least correlated is Baidu, Inc. (BIDU) (Communication Services) with a 1Y correlation of 0.08, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Baidu, Inc. | 0.08 | 0.19 | 0.24 | 62 | Communication Services | |
| Rolls-Royce Holdings plc | 0.29 | 0.23 | 0.24 | 75 | Industrials |
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