Looking to diversify beyond IEDI? The ETFs below have the lowest correlation with IEDI — 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 IEDI.
Best Diversifiers for IEDI
577 ETFs have low correlation with IEDI (below 0.3), 50 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.27 | -0.09 | 0.03 | 72 | Oil & Gas | IEDI vs UGA | |
| ProShares UltraShort Yen | -0.23 | -0.09 | -0.05 | 75 | Leveraged Currency | IEDI vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.22 | — | — | 60 | Inverse Equities, Leveraged Equities | IEDI vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.22 | — | — | 53 | Inverse Equities | IEDI vs SMST | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.21 | -0.05 | 0.07 | 51 | Commodities | IEDI vs PDBC |
See all 2057 diversifiers for IEDI
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