Looking to diversify beyond IBAT? The ETFs below have historically moved differently from IBAT, 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 IBAT
560 ETFs have low correlation with IBAT (below 0.3), 105 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IBAT vs SBIT | |
| ProShares Short Bitcoin ETF | -0.43 | — | — | 61 | Cryptocurrency | IBAT vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | -0.37 | -0.37 | 61 | Inverse Equities, Leveraged Equities | IBAT vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | -0.37 | -0.37 | 52 | Inverse Equities | IBAT vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | -0.39 | -0.39 | 75 | Derivative Income | IBAT vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IBAT, 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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.21, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.21 | -0.00 | -0.00 | 57 | Energy | |
| Enbridge Inc. | -0.07 | — | — | 85 | Energy | |
| TC Energy Corporation | 0.05 | — | — | 95 | Energy | |
| Sprott Physical Gold Trust | 0.35 | 0.25 | 0.25 | 64 | Financial Services | |
| Bloom Energy Corporation | 0.69 | 0.61 | 0.61 | 97 | Industrials |
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