Looking to diversify beyond ELIL? The ETFs below have the lowest correlation with ELIL — 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 ELIL.
Best Diversifiers for ELIL
1916 ETFs have low correlation with ELIL (below 0.3), 57 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.22 | — | — | 55 | Oil & Gas | ELIL vs UGA | |
| VanEck Commodity Strategy ETF | -0.20 | — | — | 57 | Commodities | ELIL vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.18 | — | — | 75 | Commodities | ELIL vs FAAR | |
| Fidelity Managed Futures ETF | -0.18 | — | — | 64 | Systematic Trend | ELIL vs FFUT | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | ELIL vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ELIL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ELIL and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 1.00, roughly unchanged from 1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 1.00 | 1.00 | 1.00 | 74 | Healthcare |
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