Looking to balance out your exposure to IBDRY? The ETFs below have the lowest correlation with IBDRY — they tend to move on their own, which can help reduce risk when IBDRY drops. The stock ideas table highlights individual companies that behave independently from IBDRY.
Best Diversifiers for IBDRY
7 ETFs have low correlation with IBDRY (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.09, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.09 | 0.03 | 0.11 | 50 | Energy Equities | IBDRY vs XLE | |
| Invesco QQQ ETF | 0.17 | 0.14 | 0.26 | 58 | Nasdaq-100 | IBDRY vs QQQ | |
| WisdomTree Japan Hedged Equity Fund | 0.17 | 0.13 | 0.20 | 94 | Japan Equities, Asia Pacific Equities | IBDRY vs DXJ | |
| Franklin FTSE South Korea ETF | 0.18 | 0.20 | 0.27 | 89 | South Korea Equities, Asia Pacific Equities | IBDRY vs FLKR | |
| Global X Genomics & Biotechnology ETF | 0.20 | 0.22 | 0.26 | 77 | Health & Biotech Equities | IBDRY vs GNOM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBDRY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBDRY and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.03, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.03 | 0.05 | 0.16 | 62 | Financial Services | |
| MSCI Inc. | 0.01 | 0.14 | 0.26 | 57 | Financial Services | |
| Tesla, Inc. | 0.05 | 0.10 | 0.14 | 63 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.05 | 0.09 | 0.14 | 92 | Technology | |
| Neurocrine Biosciences, Inc. | 0.09 | 0.09 | 0.15 | 72 | Healthcare |
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Build a portfolio that complements IBDRY
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