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
706 ETFs have low correlation with IBDT (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.46 | -0.50 | 63 | Leveraged Currency | IBDT vs YCS | |
| United States Gasoline Fund LP | -0.38 | -0.16 | -0.10 | 55 | Oil & Gas | IBDT vs UGA | |
| Fidelity Managed Futures ETF | -0.30 | — | — | 64 | Systematic Trend | IBDT vs FFUT | |
| VanEck Commodity Strategy ETF | -0.24 | -0.06 | -0.06 | 57 | Commodities | IBDT vs PIT | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.23 | -0.05 | -0.05 | 50 | Commodities | IBDT vs CMDT |
To view more results, upgrade your current subscription plan.
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 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | -0.05 | 0.09 | 0.08 | 75 | Energy | |
| Lockheed Martin Corporation | 0.01 | 0.09 | 0.05 | 51 | Industrials | |
| NVIDIA Corporation | 0.03 | 0.05 | 0.13 | 72 | Technology | |
| Huntington Ingalls Industries, Inc | 0.08 | 0.08 | 0.07 | 58 | Industrials | |
| Walmart Inc. | 0.09 | 0.07 | 0.11 | 69 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IBDT
Add IBDT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IBDT