Looking to diversify beyond IAI? The ETFs below have the lowest correlation with IAI — 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 IAI.
Best Diversifiers for IAI
470 ETFs have low correlation with IAI (below 0.3), 79 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.21, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.21 | -0.06 | 0.09 | 71 | Oil & Gas | IAI vs DBE | |
| United States Oil Fund LP | -0.20 | -0.05 | 0.09 | 66 | Oil & Gas | IAI vs USO | |
| United States 12 Month Oil Fund LP | -0.19 | -0.04 | 0.11 | 56 | Oil & Gas | IAI vs USL | |
| United States Brent Oil Fund LP | -0.19 | -0.05 | 0.08 | 65 | Oil & Gas | IAI vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.18 | -0.03 | 0.11 | 55 | Oil & Gas | IAI vs OILK |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IAI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IAI and solid risk/return profiles. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of 0.00, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | 0.00 | 0.17 | 0.25 | 80 | Consumer Defensive | |
| Walmart Inc. | 0.01 | 0.16 | 0.25 | 63 | Consumer Defensive | |
| Eli Lilly and Company | 0.12 | 0.20 | 0.20 | 72 | Healthcare | |
| Apple Inc | 0.27 | 0.29 | 0.42 | 89 | Technology | |
| Palo Alto Networks, Inc. | 0.28 | 0.32 | 0.38 | 67 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IAI
Add IAI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IAI