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
2043 ETFs have low correlation with EUO (below 0.3), 1986 of which are negatively correlated. The least correlated is VanEck Emerging Markets Bond ETF (EMBX) (Emerging Markets Bonds) with a 1Y correlation of -0.60, 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 | -0.60 | -0.53 | -0.48 | 70 | Emerging Markets Bonds | EUO vs EMBX | |
| WisdomTree International High Dividend Fund | -0.58 | -0.57 | -0.58 | 65 | Foreign Large Cap Equities, Dividend | EUO vs DTH | |
| WisdomTree International Al Enhanced Value Fund | -0.58 | -0.56 | -0.59 | 64 | Foreign Large Cap Equities | EUO vs AIVI | |
| DFA Dimensional International Core Equity 2 ETF | -0.58 | -0.53 | — | 59 | Foreign Large Cap Equities | EUO vs DFIC | |
| SPDR S&P International Dividend ETF | -0.57 | -0.58 | -0.59 | 54 | Foreign Large Cap Equities, Dividend | EUO vs DWX |
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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 HEICO Corporation (HEI) (Industrials) with a 1Y correlation of -0.19, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HEICO Corporation | -0.19 | -0.04 | -0.13 | 54 | Industrials | |
| Eli Lilly and Company | -0.11 | -0.03 | -0.06 | 80 | Healthcare | |
| UnitedHealth Group Incorporated | -0.04 | -0.03 | -0.11 | 76 | Healthcare | |
| NVIDIA Corporation | -0.04 | -0.08 | -0.17 | 65 | Technology | |
| The Southern Company | -0.01 | -0.10 | -0.13 | 58 | Utilities |
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