Looking to diversify beyond IEO? The ETFs below have the lowest correlation with IEO — 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 IEO.
Best Diversifiers for IEO
2002 ETFs have low correlation with IEO (below 0.3), 1495 of which are negatively correlated. The least correlated is Invesco BulletShares 2032 Municipal Bond ETF (BSMW) (Municipal Bonds) with a 1Y correlation of -0.35, down from -0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2032 Municipal Bond ETF | -0.35 | -0.12 | — | 67 | Municipal Bonds | IEO vs BSMW | |
| Avantis Credit ETF | -0.31 | — | — | 53 | Global Bonds | IEO vs AVGB | |
| MFS Active Intermediate Muni Bond ETF | -0.29 | — | — | 78 | Municipal Bonds | IEO vs MFSM | |
| AB Short Duration Income ETF | -0.29 | — | — | 74 | Short-Term Bond | IEO vs SDFI | |
| Global X Short-Term Treasury Ladder ETF | -0.29 | — | — | 81 | Government Bonds, Short-Term Bond | IEO vs SLDR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IEO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IEO and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.54, roughly unchanged from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.54 | 0.55 | 0.63 | 69 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.57 | 0.53 | 0.53 | 86 | Energy | |
| ConocoPhillips Company | 0.90 | 0.90 | 0.91 | 76 | Energy |
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