Looking to diversify beyond EINC? The ETFs below have historically moved differently from EINC, 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 EINC
1907 ETFs have low correlation with EINC (below 0.3), 1425 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2034 Municipal Bond ETF | -0.26 | — | — | 64 | Municipal Bonds | EINC vs BSMY | |
| Vanguard Tax-Exempt Bond ETF | -0.26 | 0.02 | 0.03 | 74 | Municipal Bonds | EINC vs VTEB | |
| Schwab Municipal Bond ETF | -0.25 | 0.00 | 0.00 | 67 | Municipal Bonds | EINC vs SCMB | |
| State Street SPDR Nuveen ICE High Yield Municipal ... | -0.24 | -0.02 | 0.05 | 77 | Municipal Bonds | EINC vs HYMB | |
| IQ MacKay Municipal Intermediate ETF | -0.24 | 0.03 | 0.03 | 68 | Municipal Bonds | EINC vs MMIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EINC, 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 Rio Tinto Group (RIO) (Basic Materials) with a 1Y correlation of -0.02, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rio Tinto Group | -0.02 | 0.21 | 0.36 | 92 | Basic Materials | |
| National Energy Services Reunited Corp. | 0.05 | 0.14 | 0.34 | 99 | Energy | |
| Vale S.A. | 0.05 | 0.20 | 0.34 | 89 | Basic Materials | |
| Berkshire Hathaway Inc. | 0.07 | 0.24 | 0.39 | 61 | Financial Services | |
| Petróleo Brasileiro S.A. - Petrobras | 0.44 | 0.40 | 0.43 | 85 | Energy |
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