Looking to diversify beyond ELD? The ETFs below have the lowest correlation with ELD — 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 ELD.
Best Diversifiers for ELD
322 ETFs have low correlation with ELD (below 0.3), 30 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.33 | -0.33 | 61 | Leveraged Currency | ELD vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | ELD vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | — | — | 97 | Inflation-Protected Bonds | ELD vs RBIL | |
| iShares Diversified Commodity Swap UCITS ETF | -0.13 | -0.06 | — | 77 | Commodities | ELD vs ISCMF | |
| Fidelity Managed Futures ETF | -0.11 | — | — | 64 | Systematic Trend | ELD vs FFUT |
See all 2075 diversifiers for ELD
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