Looking to diversify beyond IBDT? The ETFs below have the lowest correlation with IBDT — 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 IBDT.
Best Diversifiers for IBDT
789 ETFs have low correlation with IBDT (below 0.3), 82 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.43 | -0.43 | -0.39 | 51 | Currency | IBDT vs UUP | |
| ProShares UltraShort Yen | -0.42 | -0.46 | -0.50 | 72 | Leveraged Currency | IBDT vs YCS | |
| United States Gasoline Fund LP | -0.38 | -0.18 | -0.10 | 78 | Oil & Gas | IBDT vs UGA | |
| Invesco DB Energy Fund | -0.36 | -0.17 | -0.10 | 53 | Oil & Gas | IBDT vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.34 | -0.13 | -0.06 | 51 | Commodities | IBDT vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBDT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBDT and solid risk/return profiles. The least correlated is The Williams Companies, Inc. (WMB) (Energy) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | -0.09 | 0.08 | 0.09 | 82 | Energy | |
| NVIDIA Corporation | 0.01 | 0.05 | 0.13 | 65 | Technology | |
| Lockheed Martin Corporation | 0.02 | 0.09 | 0.06 | 59 | Industrials | |
| McKesson Corporation | 0.05 | 0.03 | 0.06 | 60 | Healthcare | |
| W. R. Berkley Corporation | 0.06 | 0.06 | 0.02 | 59 | Financial Services |
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