Looking to diversify beyond EVIM? The ETFs below have historically moved differently from EVIM, 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 EVIM
1688 ETFs have low correlation with EVIM (below 0.3), 107 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | — | — | 72 | Oil & Gas | EVIM vs DBE | |
| United States Gasoline Fund LP | -0.29 | — | — | 87 | Oil & Gas | EVIM vs UGA | |
| ProShares UltraShort Yen | -0.29 | -0.34 | -0.34 | 56 | Leveraged Currency | EVIM vs YCS | |
| Bastion Energy ETF | -0.29 | — | — | 88 | Energy Equities | EVIM vs BESF | |
| Invesco DB Oil Fund | -0.29 | — | — | 58 | Oil & Gas | EVIM vs DBO |
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