Looking to diversify beyond IEF? The ETFs below have the lowest correlation with IEF — 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 IEF.
Best Diversifiers for IEF
1629 ETFs have low correlation with IEF (below 0.3), 105 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.52, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.48 | -0.52 | 61 | Leveraged Currency | IEF vs YCS | |
| United States Gasoline Fund LP | -0.42 | -0.22 | -0.15 | 69 | Oil & Gas | IEF vs UGA | |
| Invesco DB Energy Fund | -0.42 | -0.23 | -0.18 | 71 | Oil & Gas | IEF vs DBE | |
| Invesco DB Oil Fund | -0.40 | -0.22 | -0.18 | 65 | Oil & Gas | IEF vs DBO | |
| United States Oil Fund LP | -0.40 | -0.22 | -0.18 | 66 | Oil & Gas | IEF vs USO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IEF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IEF and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.25, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.25 | -0.12 | -0.14 | 76 | Energy | |
| Exxon Mobil Corporation | -0.23 | -0.09 | -0.13 | 85 | Energy | |
| Equinor ASA | -0.23 | -0.08 | -0.09 | 82 | Energy | |
| Chevron Corporation | -0.22 | -0.08 | -0.12 | 83 | Energy | |
| BP p.l.c. | -0.20 | -0.10 | -0.14 | 87 | Energy |
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Build a portfolio that complements IEF
Add IEF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IEF