Looking to diversify beyond IBB? The ETFs below have the lowest correlation with IBB — 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 IBB.
Best Diversifiers for IBB
503 ETFs have low correlation with IBB (below 0.3), 79 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.31 | -0.25 | -0.28 | 51 | Currency | IBB vs UUP | |
| ProShares Short Bitcoin ETF | -0.29 | -0.27 | -0.29 | 57 | Cryptocurrency | IBB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | -0.28 | -0.28 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IBB vs SBIT | |
| Invesco DB Energy Fund | -0.28 | -0.14 | -0.04 | 53 | Oil & Gas | IBB vs DBE | |
| ProShares UltraShort Yen | -0.28 | -0.14 | -0.11 | 72 | Leveraged Currency | IBB vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBB and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.16, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.16 | 0.05 | 0.12 | 75 | Energy | |
| Chevron Corporation | -0.14 | 0.07 | 0.13 | 70 | Energy | |
| ConocoPhillips Company | -0.12 | 0.06 | 0.11 | 66 | Energy | |
| Devon Energy Corporation | -0.12 | 0.11 | 0.16 | 72 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.11 | 0.08 | 0.09 | 80 | Energy |
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Build a portfolio that complements IBB
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Analyze a portfolio with IBB