Looking to diversify beyond EURL? The ETFs below have the lowest correlation with EURL — 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 EURL.
Best Diversifiers for EURL
250 ETFs have low correlation with EURL (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.58, roughly unchanged from -0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.58 | -0.55 | -0.59 | 51 | Currency | EURL vs UUP | |
| ProShares UltraShort Yen | -0.42 | -0.26 | -0.21 | 72 | Leveraged Currency | EURL vs YCS | |
| ProShares Short Bitcoin ETF | -0.39 | -0.31 | -0.32 | 57 | Cryptocurrency | EURL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EURL vs SBIT | |
| Invesco DB Energy Fund | -0.36 | -0.13 | 0.06 | 53 | Oil & Gas | EURL vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EURL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EURL and solid risk/return profiles. The least correlated is Telephone and Data Systems, Inc. (TDS) (Communication Services) with a 1Y correlation of 0.25, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Telephone and Data Systems, Inc. | 0.25 | 0.28 | 0.28 | 55 | Communication Services |
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