Looking to balance out your exposure to IBDRY? The ETFs below have historically moved differently from IBDRY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IBDRY
6 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 -0.05, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.05 | 0.04 | 0.11 | 76 | Energy Equities | IBDRY vs XLE | |
| Global X Genomics & Biotechnology ETF | 0.18 | 0.21 | 0.26 | 83 | Health & Biotech Equities | IBDRY vs GNOM | |
| Franklin FTSE South Korea ETF | 0.19 | 0.21 | 0.27 | 85 | South Korea Equities, Asia Pacific Equities | IBDRY vs FLKR | |
| WisdomTree Japan Hedged Equity Fund | 0.20 | 0.14 | 0.20 | 93 | Japan Equities, Asia Pacific Equities | IBDRY vs DXJ | |
| Vanguard S&P 500 ETF | 0.22 | 0.22 | 0.33 | 68 | S&P 500 | IBDRY vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IBDRY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.05, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.05 | 0.04 | 0.15 | 69 | Financial Services | |
| Neurocrine Biosciences, Inc. | 0.07 | 0.10 | 0.14 | 71 | Healthcare | |
| Walmart Inc. | 0.08 | 0.11 | 0.20 | 62 | Consumer Defensive | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.08 | 0.08 | 0.14 | 87 | Technology | |
| Visa Inc. | 0.09 | 0.15 | 0.25 | 53 | Financial Services |
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