Looking to diversify beyond IBDU? The ETFs below have historically moved differently from IBDU, 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 IBDU
936 ETFs have low correlation with IBDU (below 0.3), 109 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.48 | -0.50 | 56 | Leveraged Currency | IBDU vs YCS | |
| United States Brent Oil Fund LP | -0.38 | -0.20 | -0.11 | 52 | Oil & Gas | IBDU vs BNO | |
| United States Oil Fund LP | -0.38 | -0.20 | -0.11 | 55 | Oil & Gas | IBDU vs USO | |
| Invesco DB Oil Fund | -0.38 | -0.19 | -0.11 | 58 | Oil & Gas | IBDU vs DBO | |
| United States Gasoline Fund LP | -0.37 | -0.20 | -0.10 | 87 | Oil & Gas | IBDU vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IBDU, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.13, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.13 | 0.27 | 0.24 | 89 | Financial Services | |
| Reaves Utility Income Trust | 0.13 | 0.22 | 0.26 | 55 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.17 | 0.26 | 0.24 | 74 | Financial Services | |
| Realty Income Corporation | 0.26 | 0.33 | 0.30 | 77 | Real Estate |
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