Looking to diversify beyond IALT? The ETFs below have the lowest correlation with IALT — 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 IALT.
Best Diversifiers for IALT
504 ETFs have low correlation with IALT (below 0.3), 15 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.34 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IALT vs SBIT | |
| ProShares Short Bitcoin ETF | -0.34 | -0.34 | -0.34 | 57 | Cryptocurrency | IALT vs BITI | |
| TCW AAA CLO ETF | -0.14 | -0.14 | -0.14 | 99 | CLO | IALT vs ACLO | |
| Brookmont Catastrophic Bond ETF | -0.11 | — | — | 97 | Nontraditional Bonds | IALT vs ILS | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.10 | -0.10 | 100 | Government Bonds, Ultrashort Bond | IALT vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IALT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IALT and solid risk/return profiles. The least correlated is Dell Technologies Inc. (DELL) (Technology) with a 1Y correlation of 0.19, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dell Technologies Inc. | 0.19 | 0.19 | 0.19 | 97 | Technology | |
| Micron Technology, Inc. | 0.31 | 0.31 | 0.31 | 99 | Technology | |
| ON Semiconductor Corporation | 0.35 | 0.35 | 0.35 | 71 | Technology | |
| ASML Holding N.V. | 0.35 | 0.35 | 0.35 | 94 | Technology | |
| Advanced Micro Devices, Inc. | 0.37 | 0.37 | 0.37 | 97 | Technology |
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