Looking to diversify beyond EIRL? The ETFs below have historically moved differently from EIRL, 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 EIRL
362 ETFs have low correlation with EIRL (below 0.3), 82 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.15 | 0.02 | 66 | Oil & Gas | EIRL vs DBE | |
| ProShares UltraShort Yen | -0.31 | -0.17 | -0.14 | 59 | Leveraged Currency | EIRL vs YCS | |
| Invesco DB Oil Fund | -0.29 | -0.12 | 0.04 | 51 | Oil & Gas | EIRL vs DBO | |
| United States Gasoline Fund, LP | -0.24 | -0.11 | 0.04 | 83 | Oil & Gas | EIRL vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | -0.07 | -0.07 | 98 | Inflation-Protected Bonds | EIRL vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EIRL, 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 0.20, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.20 | 0.30 | 0.42 | 61 | Technology |
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