Looking to diversify beyond IBDV? The ETFs below have the lowest correlation with IBDV — 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 IBDV.
Best Diversifiers for IBDV
813 ETFs have low correlation with IBDV (below 0.3), 87 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.52, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.46 | -0.48 | 61 | Leveraged Currency | IBDV vs YCS | |
| United States Gasoline Fund LP | -0.38 | -0.17 | -0.10 | 69 | Oil & Gas | IBDV vs UGA | |
| Invesco DB Oil Fund | -0.38 | -0.16 | -0.11 | 65 | Oil & Gas | IBDV vs DBO | |
| Invesco DB Energy Fund | -0.38 | -0.17 | -0.10 | 71 | Oil & Gas | IBDV vs DBE | |
| United States Brent Oil Fund LP | -0.38 | -0.17 | -0.11 | 65 | Oil & Gas | IBDV vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBDV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBDV and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.02, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.02 | 0.06 | 0.12 | 78 | Technology | |
| The Williams Companies, Inc. | -0.00 | 0.11 | 0.10 | 66 | Energy | |
| D-Wave Quantum Inc | 0.07 | 0.08 | 0.06 | 59 | Technology | |
| Walmart Inc. | 0.07 | 0.08 | 0.10 | 63 | Consumer Defensive | |
| Huntington Ingalls Industries, Inc | 0.09 | 0.08 | 0.08 | 62 | Industrials |
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