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
1821 ETFs have low correlation with EINC (below 0.3), 1232 of which are negatively correlated. The least correlated is BNY Mellon Ultra Short Income ETF (BKUI) (Ultrashort Bond) with a 1Y correlation of -0.23, down from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Ultra Short Income ETF | -0.23 | -0.04 | — | 99 | Ultrashort Bond | EINC vs BKUI | |
| IQ MacKay Municipal Insured ETF | -0.22 | 0.02 | 0.01 | 74 | Municipal Bonds | EINC vs MMIN | |
| Schwab Municipal Bond ETF | -0.21 | 0.03 | — | 66 | Municipal Bonds | EINC vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | -0.20 | 0.04 | 0.03 | 73 | Municipal Bonds | EINC vs VTEB | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.20 | 0.01 | 0.02 | 78 | Municipal Bonds | EINC vs FLMI |
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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 0.03, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rio Tinto Group | 0.03 | 0.25 | 0.38 | 94 | Basic Materials | |
| Vale S.A. | 0.07 | 0.23 | 0.35 | 91 | Basic Materials | |
| National Energy Services Reunited Corp. | 0.07 | 0.15 | 0.35 | 98 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.40 | 0.40 | 0.43 | 73 | Energy | |
| Energy Transfer LP | 0.63 | 0.68 | 0.74 | 67 | Energy |
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