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
1967 ETFs have low correlation with IEO (below 0.3), 1515 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.35 | — | — | 52 | Global Bonds | IEO vs AVGB | |
| John Hancock Mortgage Backed Securities ETF | -0.32 | -0.14 | — | 52 | Intermediate Core-Plus Bond | IEO vs JHMB | |
| Global X Short-Term Treasury Ladder ETF | -0.32 | -0.28 | -0.28 | 85 | Government Bonds, Short-Term Bond | IEO vs SLDR | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.32 | -0.12 | — | 70 | Municipal Bonds | IEO vs BSMW | |
| PIMCO Mortgage-Backed Securities Active Exchange-T... | -0.31 | -0.19 | -0.19 | 52 | Mortgage Backed Securities | IEO vs PMBS |
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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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.15, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.15 | 0.03 | 0.12 | 54 | Consumer Cyclical | |
| Lloyds Banking Group plc | -0.14 | 0.06 | 0.23 | 84 | Financial Services | |
| NVIDIA Corporation | -0.13 | 0.02 | 0.14 | 70 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.12 | 0.06 | 0.17 | 92 | Technology | |
| Arista Networks, Inc. | 0.01 | 0.09 | 0.15 | 79 | Technology |
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