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
1999 ETFs have low correlation with ELIL (below 0.3), 113 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.23, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.15 | -0.15 | 51 | Commodities | ELIL vs GSG | |
| United States Gasoline Fund LP | -0.23 | -0.17 | -0.17 | 78 | Oil & Gas | ELIL vs UGA | |
| Invesco DB Energy Fund | -0.23 | — | — | 53 | Oil & Gas | ELIL vs DBE | |
| DoubleLine Commodity Strategy ETF | -0.22 | -0.14 | -0.14 | 51 | Commodities | ELIL vs DCMT | |
| Invesco DB Commodity Index Tracking Fund | -0.21 | -0.14 | -0.14 | 54 | Commodities | ELIL vs DBC |
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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 | 80 | Healthcare |
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