Looking to diversify beyond IBDS? The ETFs below have historically moved differently from IBDS, 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 IBDS
1729 ETFs have low correlation with IBDS (below 0.3), 102 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, roughly unchanged from -0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.46 | -0.46 | 59 | Leveraged Currency | IBDS vs YCS | |
| United States Gasoline Fund, LP | -0.34 | -0.16 | -0.08 | 83 | Oil & Gas | IBDS vs UGA | |
| Invesco DB Oil Fund | -0.32 | -0.14 | -0.07 | 51 | Oil & Gas | IBDS vs DBO | |
| Invesco DB Energy Fund | -0.31 | -0.14 | -0.07 | 66 | Oil & Gas | IBDS vs DBE | |
| DoubleLine Commodity Strategy ETF | -0.30 | -0.12 | -0.12 | 58 | Commodities | IBDS vs DCMT |
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