Looking to diversify beyond IBAT? The ETFs below have the lowest correlation with IBAT — 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 IBAT.
Best Diversifiers for IBAT
426 ETFs have low correlation with IBAT (below 0.3), 65 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.22, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.22 | -0.02 | -0.02 | 71 | Oil & Gas | IBAT vs DBE | |
| United States Oil Fund LP | -0.21 | — | — | 66 | Oil & Gas | IBAT vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.20 | 0.01 | 0.01 | 56 | Derivative Income | IBAT vs USOY | |
| ProShares UltraShort Yen | -0.19 | -0.12 | -0.12 | 61 | Leveraged Currency | IBAT vs YCS | |
| United States Brent Oil Fund LP | -0.19 | -0.00 | -0.00 | 65 | Oil & Gas | IBAT vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBAT and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | 0.10 | — | — | 87 | Energy | |
| Sprott Physical Gold Trust | 0.28 | 0.24 | 0.24 | 70 | Financial Services | |
| Sprott Physical Silver Trust | 0.34 | 0.33 | 0.33 | 79 | Financial Services | |
| Bloom Energy Corporation | 0.63 | 0.58 | 0.58 | 99 | Industrials |
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