Looking to diversify beyond IAGG? The ETFs below have historically moved differently from IAGG, 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 IAGG
556 ETFs have low correlation with IAGG (below 0.3), 115 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.54, down from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.54 | -0.30 | -0.20 | 72 | Oil & Gas | IAGG vs DBE | |
| United States Oil Fund LP | -0.53 | -0.28 | -0.20 | 55 | Oil & Gas | IAGG vs USO | |
| United States Brent Oil Fund LP | -0.51 | -0.28 | -0.20 | 52 | Oil & Gas | IAGG vs BNO | |
| Invesco DB Oil Fund | -0.50 | -0.27 | -0.19 | 58 | Oil & Gas | IAGG vs DBO | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.47 | -0.25 | -0.17 | 58 | Commodities | IAGG vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IAGG, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.38, down from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.38 | -0.21 | -0.14 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.34 | -0.16 | -0.12 | 70 | Energy | |
| Chevron Corporation | -0.32 | -0.14 | -0.11 | 80 | Energy | |
| Exxon Mobil Corporation | -0.30 | -0.13 | -0.10 | 84 | Energy | |
| BP p.l.c. | -0.29 | -0.13 | -0.10 | 84 | Energy |
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