Looking to diversify beyond IYE? The ETFs below have the lowest correlation with IYE — 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 IYE.
Best Diversifiers for IYE
2007 ETFs have low correlation with IYE (below 0.3), 1411 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.30 | — | — | 50 | Global Bonds | IYE vs AVGB | |
| BNY Mellon Ultra Short Income ETF | -0.29 | -0.13 | — | 99 | Ultrashort Bond | IYE vs BKUI | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.28 | -0.09 | — | 64 | Municipal Bonds | IYE vs BSMW | |
| Vanguard Short Duration Bond ETF Shares | -0.26 | — | — | 83 | Short-Term Bond | IYE vs VSDB | |
| WisdomTree Yield Enhanced U.S. Short-Term Aggregat... | -0.26 | -0.08 | -0.08 | 58 | Short-Term Bond | IYE vs SHAG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IYE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IYE and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.07, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.07 | 0.10 | 0.18 | 99 | Technology |
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