Looking to diversify beyond IEV? The ETFs below have the lowest correlation with IEV — 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 IEV.
Best Diversifiers for IEV
258 ETFs have low correlation with IEV (below 0.3), 68 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.56, 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 | -0.56 | -0.55 | -0.59 | 51 | Currency | IEV vs UUP | |
| ProShares UltraShort Yen | -0.41 | -0.27 | -0.21 | 72 | Leveraged Currency | IEV vs YCS | |
| ProShares Short Bitcoin ETF | -0.36 | -0.30 | -0.32 | 57 | Cryptocurrency | IEV vs BITI | |
| Invesco DB Energy Fund | -0.36 | -0.13 | 0.06 | 53 | Oil & Gas | IEV vs DBE | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IEV vs SBIT |
See all 2045 diversifiers for IEV
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Diversification Analysis
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