Looking to diversify beyond IEV? The ETFs below have historically moved differently from IEV, 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 IEV
280 ETFs have low correlation with IEV (below 0.3), 87 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.27 | -0.22 | 56 | Leveraged Currency | IEV vs YCS | |
| ProShares Short Bitcoin ETF | -0.39 | -0.31 | — | 61 | Cryptocurrency | IEV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IEV vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 52 | Inverse Equities | IEV vs SMST | |
| Invesco DB Energy Fund | -0.36 | -0.14 | 0.05 | 72 | Oil & Gas | IEV vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IEV, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.15, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.15 | 0.06 | 0.20 | 84 | Energy | |
| eBay Inc. | 0.23 | 0.32 | 0.42 | 67 | Consumer Cyclical | |
| NVIDIA Corporation | 0.36 | 0.34 | 0.46 | 56 | Technology | |
| Apple Inc | 0.37 | 0.37 | 0.47 | 89 | Technology | |
| Amazon.com, Inc | 0.42 | 0.37 | 0.46 | 60 | Consumer Cyclical |
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