Looking to diversify beyond IETH? The ETFs below have the lowest correlation with IETH — 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 IETH.
Best Diversifiers for IETH
442 ETFs have low correlation with IETH (below 0.3), 37 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.19, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.19 | -0.19 | -0.19 | 55 | Inverse Equities | IETH vs NFXS | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.11 | -0.11 | 100 | Government Bonds, Ultrashort Bond | IETH vs USFR | |
| Brookstone Ultra-Short Bond ETF | -0.07 | -0.07 | -0.07 | 98 | Ultrashort Bond | IETH vs BAMU | |
| Schwab Ultra-Short Income ETF | -0.07 | -0.07 | -0.07 | 99 | Ultrashort Bond | IETH vs SCUS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.06 | -0.06 | -0.06 | 97 | Inflation-Protected Bonds | IETH vs RBIL |
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