Looking to diversify beyond IBBQ? The ETFs below have the lowest correlation with IBBQ — 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 IBBQ.
Best Diversifiers for IBBQ
483 ETFs have low correlation with IBBQ (below 0.3), 84 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.28 | -0.12 | -0.04 | 66 | Oil & Gas | IBBQ vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.27 | -0.11 | — | 56 | Oil & Gas | IBBQ vs OILK | |
| United States Brent Oil Fund LP | -0.27 | -0.12 | — | 65 | Oil & Gas | IBBQ vs BNO | |
| ProShares Ultra Bloomberg Crude Oil | -0.27 | -0.12 | — | 56 | Leveraged Commodities | IBBQ vs UCO | |
| ProShares UltraShort Yen | -0.27 | -0.13 | — | 63 | Leveraged Currency | IBBQ vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBBQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBBQ and solid risk/return profiles. The least correlated is COMPASS Pathways plc (CMPS) (Healthcare) with a 1Y correlation of 0.42, roughly unchanged from 0.46 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| COMPASS Pathways plc | 0.42 | 0.46 | — | 87 | Healthcare | |
| Definium Therapeutics, Inc | 0.42 | 0.46 | 0.41 | 94 | Healthcare | |
| Alkermes plc | 0.49 | 0.49 | 0.50 | 65 | Healthcare | |
| Regeneron Pharmaceuticals, Inc. | 0.63 | 0.62 | 0.59 | 61 | Healthcare |
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