Looking to diversify beyond IBDV? The ETFs below have historically moved differently from IBDV, 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 IBDV
479 ETFs have low correlation with IBDV (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.46 | -0.47 | 59 | Leveraged Currency | IBDV vs YCS | |
| Invesco DB Energy Fund | -0.40 | -0.21 | -0.10 | 53 | Oil & Gas | IBDV vs DBE | |
| United States Gasoline Fund, LP | -0.37 | -0.20 | -0.09 | 74 | Oil & Gas | IBDV vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.35 | -0.15 | -0.06 | 50 | Commodities | IBDV vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.32 | -0.15 | -0.15 | 52 | Commodities | IBDV vs DCMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IBDV, 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 The Williams Companies, Inc. (WMB) (Energy) with a 1Y correlation of -0.06, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | -0.06 | 0.07 | 0.11 | 72 | Energy | |
| Walmart Inc. | 0.04 | 0.07 | 0.11 | 58 | Consumer Defensive | |
| McKesson Corporation | 0.05 | 0.05 | 0.06 | 59 | Healthcare | |
| NVIDIA Corporation | 0.06 | 0.07 | 0.14 | 59 | Technology | |
| Lockheed Martin Corporation | 0.08 | 0.08 | 0.06 | 79 | Industrials |
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