Looking to diversify beyond EIPI? The ETFs below have the lowest correlation with EIPI — 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 EIPI.
Best Diversifiers for EIPI
1940 ETFs have low correlation with EIPI (below 0.3), 416 of which are negatively correlated. The least correlated is BNY Mellon Ultra Short Income ETF (BKUI) (Ultrashort Bond) with a 1Y correlation of -0.18, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Ultra Short Income ETF | -0.18 | -0.06 | -0.06 | 99 | Ultrashort Bond | EIPI vs BKUI | |
| iShares iBonds Dec 2031 Term Muni Bond ETF | -0.17 | -0.07 | -0.07 | 52 | Municipal Bonds | EIPI vs IBMT | |
| IQ MacKay Municipal Insured ETF | -0.17 | — | — | 74 | Municipal Bonds | EIPI vs MMIN | |
| Eaton Vance Intermediate Municipal Income ETF | -0.16 | 0.02 | 0.02 | 74 | Municipal Bonds | EIPI vs EVIM | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.16 | — | — | 76 | Nontraditional Bonds | EIPI vs AGZD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EIPI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EIPI and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| FLEX LNG Ltd | 0.27 | — | — | 84 | Energy | |
| Reaves Utility Income Trust | 0.28 | 0.43 | 0.43 | 81 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.44 | — | — | 69 | Financial Services |
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