Looking to diversify beyond IEFA? The ETFs below have historically moved differently from IEFA, 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 IEFA
266 ETFs have low correlation with IEFA (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, down from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.31 | — | 61 | Cryptocurrency | IEFA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IEFA vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 61 | Inverse Equities, Leveraged Equities | IEFA vs MSTZ | |
| ProShares UltraShort Yen | -0.40 | -0.30 | -0.25 | 56 | Leveraged Currency | IEFA vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | -0.34 | -0.34 | 52 | Inverse Equities | IEFA vs SMST |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IEFA, 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 Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.18, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.18 | 0.08 | 0.23 | 76 | Energy | |
| ConocoPhillips Company | -0.18 | 0.04 | 0.20 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.17 | 0.06 | 0.20 | 70 | Energy | |
| Chevron Corporation | -0.17 | 0.06 | 0.22 | 80 | Energy | |
| Altria Group, Inc. | -0.17 | 0.05 | 0.15 | 66 | Consumer Defensive |
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