Looking to diversify beyond ELIL? The ETFs below have historically moved differently from ELIL, 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 ELIL
2175 ETFs have low correlation with ELIL (below 0.3), 179 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | — | — | 67 | Commodities | ELIL vs GSG | |
| United States Brent Oil Fund LP | -0.23 | — | — | 52 | Oil & Gas | ELIL vs BNO | |
| Invesco DB Oil Fund | -0.22 | — | — | 58 | Oil & Gas | ELIL vs DBO | |
| VanEck CMCI Commodity Strategy ETF | -0.22 | — | — | 82 | Commodities | ELIL vs CMCI | |
| Invesco DB Energy Fund | -0.22 | — | — | 72 | Oil & Gas | ELIL vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ELIL, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 1.00, roughly unchanged from 1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 1.00 | 1.00 | 1.00 | 83 | Healthcare |
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