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
450 ETFs have low correlation with IEDI (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.22, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.22 | -0.09 | -0.05 | 61 | Leveraged Currency | IEDI vs YCS | |
| VanEck Commodity Strategy ETF | -0.17 | -0.03 | — | 55 | Commodities | IEDI vs PIT | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | — | — | 97 | Inflation-Protected Bonds | IEDI vs RBIL | |
| First Trust Alternative Absolute Return Strategy E... | -0.13 | -0.02 | -0.02 | 70 | Commodities | IEDI vs FAAR | |
| Breakwave Dry Bulk Shipping ETF | -0.13 | -0.04 | -0.00 | 73 | Commodities | IEDI vs BDRY |
See all 2075 diversifiers for IEDI
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