Looking to diversify beyond IEF? The ETFs below have historically moved differently from IEF, 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 IEF
1410 ETFs have low correlation with IEF (below 0.3), 118 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.49 | -0.51 | 56 | Leveraged Currency | IEF vs YCS | |
| Invesco DB Energy Fund | -0.44 | -0.26 | -0.18 | 72 | Oil & Gas | IEF vs DBE | |
| United States Brent Oil Fund LP | -0.43 | -0.25 | -0.18 | 52 | Oil & Gas | IEF vs BNO | |
| United States Oil Fund LP | -0.42 | -0.25 | -0.18 | 55 | Oil & Gas | IEF vs USO | |
| United States Gasoline Fund, LP | -0.42 | -0.24 | -0.16 | 87 | Oil & Gas | IEF vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IEF, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.34, down from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.34 | -0.17 | -0.16 | 72 | Energy | |
| Devon Energy Corporation | -0.30 | -0.14 | -0.13 | 76 | Energy | |
| Occidental Petroleum Corporation | -0.30 | -0.13 | -0.14 | 70 | Energy | |
| Chevron Corporation | -0.30 | -0.13 | -0.13 | 80 | Energy | |
| Equinor ASA | -0.30 | -0.11 | -0.09 | 86 | Energy |
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