Looking to diversify beyond IEO? The ETFs below have historically moved differently from IEO, 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 IEO
2184 ETFs have low correlation with IEO (below 0.3), 1774 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.34 | — | — | 69 | Municipal Bonds | IEO vs FMUB | |
| Dimensional California Municipal Bond ETF | -0.33 | -0.13 | — | 66 | Municipal Bonds | IEO vs DFCA | |
| Global X Short-Term Treasury Ladder ETF | -0.33 | — | — | 81 | Government Bonds, Short-Term Bond | IEO vs SLDR | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.33 | -0.09 | -0.08 | 75 | Municipal Bonds | IEO vs FLMI | |
| Avantis Short-Term Fixed Income ETF | -0.33 | -0.14 | -0.08 | 58 | Short-Term Bond | IEO vs AVSF |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IEO, 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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.15, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.15 | 0.03 | 0.12 | 72 | Consumer Cyclical | |
| Lloyds Banking Group plc | -0.14 | 0.06 | 0.22 | 84 | Financial Services | |
| NVIDIA Corporation | -0.12 | 0.02 | 0.14 | 61 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.11 | 0.06 | 0.17 | 88 | Technology | |
| Berkshire Hathaway Inc. | -0.02 | 0.19 | 0.33 | 61 | Financial Services |
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