Looking to diversify beyond EUO? The ETFs below have historically moved differently from EUO, 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 EUO
2239 ETFs have low correlation with EUO (below 0.3), 2150 of which are negatively correlated. The least correlated is iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) (Emerging Markets Bonds) with a 1Y correlation of -0.63, roughly unchanged from -0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares J.P. Morgan EM Local Currency Bond ETF | -0.63 | -0.67 | -0.68 | 55 | Emerging Markets Bonds | EUO vs LEMB | |
| Invesco CurrencyShares Australian Dollar Trust | -0.62 | -0.65 | -0.63 | 55 | Currency | EUO vs FXA | |
| VanEck Emerging Markets Bond ETF | -0.60 | -0.53 | -0.48 | 79 | Emerging Markets Bonds | EUO vs EMBX | |
| First Trust Horizon Managed Volatility Developed I... | -0.59 | -0.58 | -0.60 | 65 | Foreign Large Cap Equities, Low Volatility | EUO vs HDMV | |
| J.P. Morgan Diversified Return International Equit... | -0.58 | -0.54 | -0.57 | 71 | Foreign Large Cap Equities | EUO vs JPIN |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EUO, 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 HEICO Corporation (HEI) (Industrials) with a 1Y correlation of -0.20, roughly unchanged from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HEICO Corporation | -0.20 | -0.05 | -0.13 | 53 | Industrials | |
| NVIDIA Corporation | -0.09 | -0.08 | -0.17 | 56 | Technology | |
| Eli Lilly and Company | -0.05 | -0.03 | -0.05 | 83 | Healthcare | |
| Texas Pacific Land Corporation | -0.01 | -0.02 | -0.08 | 62 | Energy | |
| UnitedHealth Group Incorporated | -0.01 | -0.04 | -0.11 | 86 | Healthcare |
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