Looking to diversify beyond EIMI.L? The ETFs below have the lowest correlation with EIMI.L — 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 EIMI.L.
Best Diversifiers for EIMI.L
23 ETFs have low correlation with EIMI.L (below 0.3), 11 of which are negatively correlated. The least correlated is iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) (Energy Equities) with a 1Y correlation of -0.16, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.16 | 0.16 | 0.24 | 78 | Energy Equities | EIMI.L vs ESIE.L | |
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.14 | 0.13 | 0.25 | 60 | Energy Equities, S&P 500 | EIMI.L vs IUES.L | |
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.11 | 0.18 | — | 59 | Energy Equities | EIMI.L vs WENS.L | |
| iShares Diversified Commodity Swap UCITS ETF | -0.09 | 0.09 | 0.12 | 67 | Commodities | EIMI.L vs COMM.L | |
| Xtrackers MSCI World Energy UCITS ETF 1C | -0.09 | 0.21 | 0.32 | 73 | Energy Equities | EIMI.L vs XDW0.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EIMI.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EIMI.L and solid risk/return profiles. The least correlated is IMI plc (IMI.L) (Industrials) with a 1Y correlation of 0.43, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IMI plc | 0.43 | 0.42 | 0.41 | 86 | Industrials | |
| JP Morgan Global Growth & Income plc | 0.55 | 0.52 | 0.53 | 76 | Financial Services |
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