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
292 ETFs have low correlation with IEUR (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, down from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.27 | -0.21 | 63 | Leveraged Currency | IEUR vs YCS | |
| Invesco DB Energy Fund | -0.41 | -0.11 | 0.07 | 71 | Oil & Gas | IEUR vs DBE | |
| United States Brent Oil Fund LP | -0.39 | -0.09 | 0.06 | 65 | Oil & Gas | IEUR vs BNO | |
| United States Oil Fund LP | -0.39 | -0.10 | 0.07 | 66 | Oil & Gas | IEUR vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.37 | — | — | 56 | Derivative Income | IEUR vs USOY |
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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 -0.14, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.14 | 0.10 | 0.25 | 83 | Energy | |
| ConocoPhillips Company | -0.14 | 0.06 | 0.20 | 76 | Energy | |
| Exxon Mobil Corporation | -0.13 | 0.09 | 0.22 | 85 | Energy | |
| Energy Transfer LP | -0.10 | 0.17 | 0.29 | 73 | Energy | |
| Altria Group, Inc. | -0.07 | 0.13 | 0.20 | 67 | Consumer Defensive |
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Build a portfolio that complements IEUR
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