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
460 ETFs have low correlation with IBB (below 0.3), 78 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.13 | -0.11 | 63 | Leveraged Currency | IBB vs YCS | |
| United States Oil Fund LP | -0.27 | -0.11 | -0.04 | 66 | Oil & Gas | IBB vs USO | |
| United States Brent Oil Fund LP | -0.26 | -0.11 | -0.04 | 65 | Oil & Gas | IBB vs BNO | |
| United States 12 Month Oil Fund LP | -0.26 | -0.11 | -0.03 | 56 | Oil & Gas | IBB vs USL | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | -0.13 | -0.13 | 56 | Derivative Income | IBB vs USOY |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | 0.07 | 0.13 | 67 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | -0.09 | 0.07 | 0.08 | 88 | Energy | |
| Exxon Mobil Corporation | -0.07 | 0.08 | 0.13 | 85 | Energy | |
| ConocoPhillips Company | -0.06 | 0.08 | 0.12 | 76 | Energy | |
| Duke Energy Corporation | -0.03 | 0.12 | 0.14 | 52 | Utilities |
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Build a portfolio that complements IBB
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