Looking to diversify beyond IEI? The ETFs below have the lowest correlation with IEI — 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 IEI.
Best Diversifiers for IEI
1512 ETFs have low correlation with IEI (below 0.3), 67 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, roughly unchanged from -0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.51 | -0.54 | 63 | Leveraged Currency | IEI vs YCS | |
| United States Gasoline Fund LP | -0.41 | -0.23 | -0.15 | 55 | Oil & Gas | IEI vs UGA | |
| Fidelity Managed Futures ETF | -0.38 | — | — | 64 | Systematic Trend | IEI vs FFUT | |
| VanEck Commodity Strategy ETF | -0.26 | -0.12 | — | 57 | Commodities | IEI vs PIT | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.26 | -0.12 | — | 50 | Commodities | IEI vs CMDT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IEI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IEI and solid risk/return profiles. The least correlated is REX American Resources Corporation (REX) (Basic Materials) with a 1Y correlation of -0.16, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| REX American Resources Corporation | -0.16 | -0.05 | -0.07 | 91 | Basic Materials | |
| Petróleo Brasileiro S.A. - Petrobras | -0.15 | -0.04 | -0.05 | 75 | Energy | |
| Himax Technologies, Inc. | -0.10 | 0.02 | 0.01 | 80 | Technology | |
| Oceaneering International, Inc. | -0.05 | -0.02 | -0.07 | 86 | Energy | |
| NVIDIA Corporation | -0.04 | -0.02 | 0.00 | 72 | Technology |
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Build a portfolio that complements IEI
Add IEI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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