Looking to diversify beyond EIRL? The ETFs below have the lowest correlation with EIRL — 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 EIRL.
Best Diversifiers for EIRL
402 ETFs have low correlation with EIRL (below 0.3), 68 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.34, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.18 | -0.13 | 61 | Leveraged Currency | EIRL vs YCS | |
| United States Oil Fund LP | -0.29 | -0.10 | 0.05 | 66 | Oil & Gas | EIRL vs USO | |
| United States Brent Oil Fund LP | -0.29 | -0.10 | 0.04 | 65 | Oil & Gas | EIRL vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | — | — | 56 | Derivative Income | EIRL vs USOY | |
| Invesco DB Energy Fund | -0.28 | -0.10 | 0.05 | 71 | Oil & Gas | EIRL vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EIRL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EIRL and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.19, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.19 | 0.31 | 0.42 | 78 | Technology |
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