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
1946 ETFs have low correlation with EUO (below 0.3), 1906 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 | 71 | Emerging Markets Bonds | EUO vs EMBX | |
| iShares International Developed Small Cap Value Fa... | -0.57 | -0.54 | -0.57 | 56 | Small Cap Value Equities | EUO vs ISVL | |
| Dimensional International Vector Equity ETF | -0.56 | -0.51 | -0.51 | 57 | Foreign Small & Mid Cap Equities | EUO vs DXIV | |
| Avantis International Small Cap Equity ETF | -0.56 | -0.52 | -0.52 | 54 | Foreign Small & Mid Cap Equities | EUO vs AVDS | |
| WisdomTree International Al Enhanced Value Fund | -0.56 | -0.56 | -0.58 | 55 | Foreign Large Cap Equities | EUO vs AIVI |
To view more results, upgrade your current subscription plan.
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 -0.11, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.11 | -0.03 | -0.06 | 74 | Healthcare | |
| UnitedHealth Group Incorporated | -0.06 | -0.04 | -0.11 | 69 | Healthcare | |
| NVIDIA Corporation | -0.06 | -0.08 | -0.14 | 72 | Technology | |
| The Southern Company | -0.04 | -0.11 | -0.13 | 55 | Utilities |
Build a portfolio that complements EUO
Add EUO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EUO