Looking to diversify beyond EINC? The ETFs below have the lowest correlation with EINC — 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 EINC.
Best Diversifiers for EINC
1776 ETFs have low correlation with EINC (below 0.3), 1335 of which are negatively correlated. The least correlated is Invesco BulletShares 2034 Municipal Bond ETF (BSMY) (Municipal Bonds) with a 1Y correlation of -0.24, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2034 Municipal Bond ETF | -0.24 | -0.04 | -0.04 | 74 | Municipal Bonds | EINC vs BSMY | |
| Vanguard Tax-Exempt Bond ETF | -0.23 | 0.03 | 0.03 | 80 | Municipal Bonds | EINC vs VTEB | |
| BNY Mellon Ultra Short Income ETF | -0.22 | -0.04 | — | 99 | Ultrashort Bond | EINC vs BKUI | |
| IQ MacKay Municipal Insured ETF | -0.21 | 0.02 | 0.01 | 84 | Municipal Bonds | EINC vs MMIN | |
| Schwab Municipal Bond ETF | -0.21 | 0.02 | — | 73 | Municipal Bonds | EINC vs SCMB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EINC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EINC and solid risk/return profiles. The least correlated is Rio Tinto Group (RIO) (Basic Materials) with a 1Y correlation of -0.01, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rio Tinto Group | -0.01 | 0.23 | 0.38 | 87 | Basic Materials | |
| Vale S.A. | 0.04 | 0.21 | 0.35 | 82 | Basic Materials | |
| Berkshire Hathaway Inc. | 0.06 | 0.25 | 0.40 | 53 | Financial Services | |
| National Energy Services Reunited Corp. | 0.06 | 0.15 | 0.36 | 99 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.40 | 0.40 | 0.43 | 80 | Energy |
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