Looking to diversify beyond EIS? The ETFs below have the lowest correlation with EIS — 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 EIS.
Best Diversifiers for EIS
494 ETFs have low correlation with EIS (below 0.3), 58 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.37, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.36 | -0.36 | 53 | Inverse Equities | EIS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.36 | -0.36 | 60 | Inverse Equities, Leveraged Equities | EIS vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 65 | Derivative Income | EIS vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | EIS vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | EIS vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EIS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EIS and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.09, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.09 | 0.12 | 0.25 | 83 | Energy | |
| Madrigal Pharmaceuticals, Inc. | 0.17 | 0.20 | 0.27 | 83 | Healthcare | |
| Celestica Inc. | 0.37 | 0.41 | 0.47 | 87 | Technology | |
| ASML Holding N.V. | 0.38 | 0.43 | 0.52 | 95 | Technology | |
| Amazon.com, Inc | 0.39 | 0.42 | 0.49 | 55 | Consumer Cyclical |
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