Looking to diversify beyond IEI? The ETFs below have historically moved differently from IEI, 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 IEI
1588 ETFs have low correlation with IEI (below 0.3), 124 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.52 | -0.54 | 56 | Leveraged Currency | IEI vs YCS | |
| Invesco DB Oil Fund | -0.43 | -0.25 | -0.17 | 58 | Oil & Gas | IEI vs DBO | |
| Invesco DB Energy Fund | -0.41 | -0.25 | -0.17 | 72 | Oil & Gas | IEI vs DBE | |
| United States Brent Oil Fund LP | -0.40 | -0.25 | -0.17 | 52 | Oil & Gas | IEI vs BNO | |
| Fidelity Managed Futures ETF | -0.40 | — | — | 88 | Systematic Trend, Actively Managed | IEI vs FFUT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IEI, 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 REX American Resources Corporation (REX) (Basic Materials) with a 1Y correlation of -0.19, down from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| REX American Resources Corporation | -0.19 | -0.06 | -0.07 | 90 | Basic Materials | |
| Petróleo Brasileiro S.A. - Petrobras | -0.18 | -0.07 | -0.06 | 85 | Energy | |
| Himax Technologies, Inc. | -0.10 | -0.00 | 0.01 | 66 | Technology | |
| Oceaneering International, Inc. | -0.06 | -0.04 | -0.07 | 96 | Energy | |
| New Oriental Education & Technology Group Inc. | -0.04 | -0.00 | 0.01 | 72 | Consumer Defensive |
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