Looking to diversify beyond IBB? The ETFs below have historically moved differently from IBB, 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 IBB
555 ETFs have low correlation with IBB (below 0.3), 99 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.30 | -0.14 | -0.06 | 52 | Oil & Gas | IBB vs BNO | |
| United States Oil Fund LP | -0.30 | -0.14 | -0.05 | 55 | Oil & Gas | IBB vs USO | |
| ProShares Short Bitcoin ETF | -0.29 | -0.26 | — | 61 | Cryptocurrency | IBB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.29 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IBB vs SBIT | |
| Invesco DB Energy Fund | -0.27 | -0.14 | -0.04 | 72 | Oil & Gas | IBB vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IBB, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.21, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.21 | 0.05 | 0.12 | 80 | Energy | |
| Exxon Mobil Corporation | -0.20 | 0.05 | 0.11 | 84 | Energy | |
| ConocoPhillips Company | -0.18 | 0.04 | 0.11 | 72 | Energy | |
| Devon Energy Corporation | -0.17 | 0.09 | 0.15 | 76 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.15 | 0.06 | 0.08 | 85 | Energy |
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