Looking to diversify beyond IYE? The ETFs below have historically moved differently from IYE, 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 IYE
2099 ETFs have low correlation with IYE (below 0.3), 1531 of which are negatively correlated. The least correlated is Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) (Municipal Bonds) with a 1Y correlation of -0.31, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | -0.31 | -0.09 | -0.06 | 77 | Municipal Bonds | IYE vs RVNU | |
| Fidelity Municipal Bond Opportunities ETF | -0.31 | — | — | 76 | Municipal Bonds | IYE vs FMUB | |
| AB Short Duration Income ETF | -0.30 | — | — | 87 | Short-Term Bond | IYE vs SDFI | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.29 | -0.11 | — | 65 | Municipal Bonds | IYE vs BSMW | |
| BNY Mellon Ultra Short Income ETF | -0.29 | -0.16 | — | 99 | Ultrashort Bond | IYE vs BKUI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IYE, 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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.10, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.10 | 0.10 | 0.17 | 99 | Technology | |
| Berkshire Hathaway Inc. | -0.02 | 0.22 | 0.35 | 61 | Financial Services |
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