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
1119 ETFs have low correlation with IBDT (below 0.3), 90 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.47 | -0.50 | 61 | Leveraged Currency | IBDT vs YCS | |
| Invesco DB Oil Fund | -0.39 | -0.16 | -0.10 | 65 | Oil & Gas | IBDT vs DBO | |
| ProShares Ultra Bloomberg Crude Oil | -0.38 | -0.17 | -0.10 | 54 | Leveraged Commodities | IBDT vs UCO | |
| United States Gasoline Fund LP | -0.38 | -0.17 | -0.09 | 69 | Oil & Gas | IBDT vs UGA | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.38 | -0.17 | -0.10 | 55 | Oil & Gas | IBDT vs OILK |
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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 -0.05, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | -0.05 | 0.11 | 0.09 | 66 | Energy | |
| NVIDIA Corporation | -0.01 | 0.05 | 0.13 | 78 | Technology | |
| Huntington Ingalls Industries, Inc | 0.07 | 0.06 | 0.06 | 62 | Industrials | |
| D-Wave Quantum Inc | 0.08 | 0.07 | 0.05 | 59 | Technology | |
| Interactive Brokers Group, Inc. | 0.10 | -0.08 | -0.07 | 83 | Financial Services |
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