Looking to diversify beyond IBDR? The ETFs below have the lowest correlation with IBDR — 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 IBDR.
Best Diversifiers for IBDR
2054 ETFs have low correlation with IBDR (below 0.3), 232 of which are negatively correlated. The least correlated is Franklin Ultra Short Bond ETF (FLUD) (Ultrashort Bond) with a 1Y correlation of -0.11, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Ultra Short Bond ETF | -0.11 | 0.04 | 0.18 | 96 | Ultrashort Bond | IBDR vs FLUD | |
| Direxion Daily NFLX Bear 1X Shares | -0.10 | — | — | 60 | Inverse Equities | IBDR vs NFXS | |
| NEOS Enhanced Income 1-3 Month T-Bill ETF | -0.09 | -0.04 | 0.02 | 99 | Ultrashort Bond | IBDR vs CSHI | |
| Simplify Propel Opportunities ETF | -0.09 | 0.12 | — | 66 | Health & Biotech Equities | IBDR vs SURI | |
| SGI Enhanced Core ETF | -0.08 | -0.03 | -0.03 | 96 | Intermediate Core Bond | IBDR vs USDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBDR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBDR and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.07, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.07 | 0.16 | 0.18 | 91 | Technology |
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