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
1528 ETFs have low correlation with IEI (below 0.3), 102 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.51 | -0.54 | 72 | Leveraged Currency | IEI vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.45 | -0.44 | -0.38 | 51 | Currency | IEI vs UUP | |
| United States Gasoline Fund LP | -0.41 | -0.24 | -0.16 | 78 | Oil & Gas | IEI vs UGA | |
| Invesco DB Energy Fund | -0.40 | -0.24 | -0.17 | 53 | Oil & Gas | IEI vs DBE | |
| Fidelity Managed Futures ETF | -0.39 | — | — | 71 | Systematic Trend | IEI vs FFUT |
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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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.16, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.16 | -0.06 | -0.06 | 80 | Energy | |
| REX American Resources Corporation | -0.15 | -0.05 | -0.07 | 93 | Basic Materials | |
| Himax Technologies, Inc. | -0.12 | 0.01 | 0.01 | 70 | Technology | |
| NVIDIA Corporation | -0.08 | -0.03 | -0.00 | 65 | Technology | |
| Oceaneering International, Inc. | -0.03 | -0.02 | -0.07 | 93 | Energy |
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