Looking to diversify beyond IEUR? The ETFs below have the lowest correlation with IEUR — 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 IEUR.
Best Diversifiers for IEUR
240 ETFs have low correlation with IEUR (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.59, roughly unchanged from -0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.59 | -0.55 | -0.59 | 51 | Currency | IEUR vs UUP | |
| ProShares UltraShort Yen | -0.43 | -0.28 | -0.21 | 72 | Leveraged Currency | IEUR vs YCS | |
| ProShares Short Bitcoin ETF | -0.37 | -0.31 | -0.33 | 57 | Cryptocurrency | IEUR vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IEUR vs SBIT | |
| Invesco DB Energy Fund | -0.36 | -0.12 | 0.06 | 53 | Oil & Gas | IEUR vs DBE |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IEUR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IEUR and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.16, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.16 | 0.06 | 0.22 | 70 | Energy | |
| ConocoPhillips Company | -0.15 | 0.05 | 0.20 | 66 | Energy | |
| Devon Energy Corporation | -0.14 | 0.08 | 0.23 | 72 | Energy | |
| Exxon Mobil Corporation | -0.13 | 0.05 | 0.21 | 75 | Energy | |
| Occidental Petroleum Corporation | -0.12 | 0.07 | 0.20 | 62 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IEUR
Add IEUR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IEUR