Looking to diversify beyond IBDS? The ETFs below have the lowest correlation with IBDS — 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 IBDS.
Best Diversifiers for IBDS
1732 ETFs have low correlation with IBDS (below 0.3), 94 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.45 | -0.47 | 63 | Leveraged Currency | IBDS vs YCS | |
| United States Gasoline Fund LP | -0.32 | -0.14 | -0.08 | 71 | Oil & Gas | IBDS vs UGA | |
| Invesco DB Oil Fund | -0.31 | -0.12 | -0.07 | 65 | Oil & Gas | IBDS vs DBO | |
| Invesco DB Energy Fund | -0.30 | -0.12 | -0.07 | 71 | Oil & Gas | IBDS vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | -0.18 | -0.18 | 56 | Derivative Income | IBDS vs USOY |
See all 2181 diversifiers for IBDS
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