Looking to diversify beyond EUO? The ETFs below have the lowest correlation with EUO — 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 EUO.
Best Diversifiers for EUO
2112 ETFs have low correlation with EUO (below 0.3), 2043 of which are negatively correlated. The least correlated is VanEck Emerging Markets Bond ETF (EMBX) (Emerging Markets Bonds) with a 1Y correlation of -0.61, down from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Emerging Markets Bond ETF | -0.61 | -0.52 | -0.48 | 77 | Emerging Markets Bonds | EUO vs EMBX | |
| Dimensional International Small Cap ETF | -0.59 | -0.54 | — | 53 | Foreign Small & Mid Cap Equities | EUO vs DFIS | |
| Dimensional International Vector Equity ETF | -0.57 | — | — | 63 | Foreign Small & Mid Cap Equities | EUO vs DXIV | |
| Avantis International Small Cap Equity ETF | -0.57 | -0.52 | -0.52 | 61 | Foreign Small & Mid Cap Equities | EUO vs AVDS | |
| Invesco FTSE RAFI Developed Markets ex-U.S. Small-... | -0.57 | -0.53 | -0.56 | 55 | Foreign Small & Mid Cap Equities | EUO vs PDN |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EUO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EUO and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.10, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.10 | -0.03 | -0.06 | 72 | Healthcare | |
| UnitedHealth Group Incorporated | -0.07 | -0.04 | -0.11 | 61 | Healthcare | |
| NVIDIA Corporation | -0.02 | -0.08 | -0.16 | 78 | Technology |
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