Looking to diversify beyond IAT? The ETFs below have historically moved differently from IAT, 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 IAT
830 ETFs have low correlation with IAT (below 0.3), 72 of which are negatively correlated. The least correlated is Alpha Architect Tail Risk ETF (CAOS) (Options Trading) with a 1Y correlation of -0.24, down from -0.11 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect Tail Risk ETF | -0.24 | -0.11 | — | 56 | Options Trading | IAT vs CAOS | |
| Invesco DB Energy Fund | -0.22 | -0.06 | 0.09 | 72 | Oil & Gas | IAT vs DBE | |
| United States Brent Oil Fund LP | -0.21 | -0.06 | 0.08 | 52 | Oil & Gas | IAT vs BNO | |
| Invesco DB Oil Fund | -0.21 | -0.05 | 0.09 | 58 | Oil & Gas | IAT vs DBO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | — | — | 98 | Inflation-Protected Bonds | IAT vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IAT, 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 Western Digital Corporation (WDC) (Technology) with a 1Y correlation of 0.06, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Western Digital Corporation | 0.06 | 0.21 | 0.37 | 99 | Technology | |
| Eli Lilly and Company | 0.08 | 0.09 | 0.09 | 83 | Healthcare | |
| Newmont Corporation | 0.10 | 0.16 | 0.16 | 74 | Basic Materials | |
| Cardinal Health, Inc. | 0.17 | 0.14 | 0.25 | 86 | Healthcare | |
| Lam Research Corporation | 0.23 | 0.26 | 0.36 | 96 | Technology |
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