Looking to diversify beyond EIPX? The ETFs below have the lowest correlation with EIPX — 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 EIPX.
Best Diversifiers for EIPX
1842 ETFs have low correlation with EIPX (below 0.3), 410 of which are negatively correlated. The least correlated is Roundhill Weekly T-Bill ETF (WEEK) (Ultrashort Bond) with a 1Y correlation of -0.20, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Weekly T-Bill ETF | -0.20 | -0.13 | -0.13 | 99 | Ultrashort Bond | EIPX vs WEEK | |
| BNY Mellon Ultra Short Income ETF | -0.19 | -0.05 | — | 99 | Ultrashort Bond | EIPX vs BKUI | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.18 | -0.00 | — | 71 | Municipal Bonds | EIPX vs BSMW | |
| Fidelity Municipal Bond Opportunities ETF | -0.18 | — | — | 84 | Municipal Bonds | EIPX vs FMUB | |
| Franklin Short Duration U.S. Government ETF | -0.17 | -0.05 | — | 96 | Mortgage Backed Securities | EIPX vs FTSD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EIPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EIPX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.04, down from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.04 | 0.13 | — | 69 | Technology | |
| HF Sinclair Corp | 0.40 | 0.48 | 0.51 | 90 | Energy | |
| Imperial Oil Limited | 0.70 | 0.69 | 0.71 | 86 | Energy |
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