Looking to diversify beyond IBDU? The ETFs below have the lowest correlation with IBDU — 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 IBDU.
Best Diversifiers for IBDU
1032 ETFs have low correlation with IBDU (below 0.3), 68 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.47 | -0.50 | 75 | Leveraged Currency | IBDU vs YCS | |
| United States Gasoline Fund LP | -0.38 | -0.19 | -0.10 | 72 | Oil & Gas | IBDU vs UGA | |
| Fidelity Managed Futures ETF | -0.33 | — | — | 66 | Systematic Trend | IBDU vs FFUT | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.30 | -0.11 | -0.05 | 51 | Commodities | IBDU vs PDBC | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.25 | -0.07 | -0.01 | 65 | Commodities | IBDU vs SDCI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBDU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBDU and solid risk/return profiles. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.15, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.15 | 0.26 | 0.24 | 92 | Financial Services | |
| Reaves Utility Income Trust | 0.16 | 0.23 | 0.26 | 75 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.19 | 0.26 | 0.24 | 71 | Financial Services | |
| Realty Income Corporation | 0.27 | 0.33 | 0.30 | 72 | Real Estate |
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