Looking to diversify beyond EIPX? The ETFs below have historically moved differently from EIPX, 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 EIPX
1947 ETFs have low correlation with EIPX (below 0.3), 380 of which are negatively correlated. The least correlated is BNY Mellon Ultra Short Income ETF (BKUI) (Ultrashort Bond) with a 1Y correlation of -0.21, down from -0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Ultra Short Income ETF | -0.21 | -0.07 | — | 99 | Ultrashort Bond | EIPX vs BKUI | |
| Roundhill Weekly T-Bill ETF | -0.20 | — | — | 99 | Ultrashort Bond | EIPX vs WEEK | |
| Franklin Short Duration U.S. Government ETF | -0.20 | -0.07 | — | 96 | Mortgage Backed Securities | EIPX vs FTSD | |
| Fidelity Municipal Bond Opportunities ETF | -0.20 | — | — | 76 | Municipal Bonds | EIPX vs FMUB | |
| Invesco BulletShares 2034 Municipal Bond ETF | -0.19 | -0.01 | -0.01 | 64 | Municipal Bonds | EIPX vs BSMY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EIPX, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.03, down from 0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.03 | 0.13 | — | 56 | Technology | |
| HF Sinclair Corp | 0.39 | 0.47 | — | 96 | Energy | |
| Imperial Oil Limited | 0.69 | 0.69 | 0.71 | 89 | Energy |
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