Looking to diversify beyond IBD? The ETFs below have the lowest correlation with IBD — 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 IBD.
Best Diversifiers for IBD
1812 ETFs have low correlation with IBD (below 0.3), 109 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.29 | -0.37 | 61 | Leveraged Currency | IBD vs YCS | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | — | — | 56 | Derivative Income | IBD vs USOY | |
| United States 12 Month Oil Fund LP | -0.26 | -0.07 | -0.06 | 56 | Oil & Gas | IBD vs USL | |
| United States Oil Fund LP | -0.26 | -0.08 | -0.06 | 66 | Oil & Gas | IBD vs USO | |
| United States Brent Oil Fund LP | -0.26 | -0.08 | -0.06 | 65 | Oil & Gas | IBD vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBD and solid risk/return profiles. The least correlated is Cohen & Steers Quality Income Realty Fund (RQI) (Financial Services) with a 1Y correlation of 0.28, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Quality Income Realty Fund | 0.28 | 0.29 | 0.30 | 67 | Financial Services |
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