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
586 ETFs have low correlation with IBBQ (below 0.3), 80 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, roughly unchanged from -0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.27 | — | 53 | Cryptocurrency | IBBQ vs BITI | |
| Invesco DB Energy Fund | -0.29 | -0.16 | -0.05 | 57 | Oil & Gas | IBBQ vs DBE | |
| United States Gasoline Fund LP | -0.28 | -0.15 | -0.04 | 82 | Oil & Gas | IBBQ vs UGA | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 65 | Inverse Equities, Leveraged Equities | IBBQ vs MSTZ | |
| ProShares UltraShort Yen | -0.27 | -0.14 | -0.11 | 72 | 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 CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.11, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.11 | 0.21 | 0.35 | 83 | Technology | |
| NVIDIA Corporation | 0.11 | 0.20 | 0.35 | 70 | Technology | |
| Super Group (SGHC) Limited | 0.18 | 0.34 | — | 66 | Consumer Cyclical | |
| Mueller Industries, Inc. | 0.25 | 0.38 | 0.38 | 76 | Industrials | |
| Alamos Gold Inc. | 0.27 | 0.22 | 0.21 | 52 | Basic Materials |
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