Looking to diversify beyond IEDI? The ETFs below have historically moved differently from IEDI, 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 IEDI
603 ETFs have low correlation with IEDI (below 0.3), 84 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.15 | 0.01 | 72 | Oil & Gas | IEDI vs DBE | |
| United States Brent Oil Fund LP | -0.31 | -0.13 | 0.00 | 52 | Oil & Gas | IEDI vs BNO | |
| United States Oil Fund LP | -0.30 | -0.14 | 0.00 | 55 | Oil & Gas | IEDI vs USO | |
| United States Gasoline Fund LP | -0.29 | -0.11 | 0.01 | 87 | Oil & Gas | IEDI vs UGA | |
| Invesco DB Oil Fund | -0.29 | -0.12 | 0.01 | 58 | Oil & Gas | IEDI vs DBO |
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