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
1874 ETFs have low correlation with EIPI (below 0.3), 646 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Tax-Aware Short Duration ETF | -0.19 | — | — | 82 | Municipal Bonds | EIPI vs TAFI | |
| Eaton Vance Intermediate Municipal Income ETF | -0.17 | — | — | 79 | Municipal Bonds | EIPI vs EVIM | |
| BNY Mellon Ultra Short Income ETF | -0.17 | -0.06 | -0.06 | 99 | Ultrashort Bond | EIPI vs BKUI | |
| iShares iBonds Dec 2031 Term Muni Bond ETF | -0.17 | — | — | 55 | Municipal Bonds | EIPI vs IBMT | |
| IQ MacKay Municipal Insured ETF | -0.16 | — | — | 85 | Municipal Bonds | EIPI vs MMIN |
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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 |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.27 | — | — | 74 | Financial Services | |
| FLEX LNG Ltd | 0.29 | — | — | 88 | Energy | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.32 | — | — | 61 | Financial Services | |
| Realty Income Corporation | 0.39 | — | — | 74 | Real Estate | |
| Cohen & Steers Infrastructure Fund, Inc | 0.46 | — | — | 73 | Financial Services |
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