Looking to diversify beyond IBDW? The ETFs below have the lowest correlation with IBDW — 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 IBDW.
Best Diversifiers for IBDW
918 ETFs have low correlation with IBDW (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.52, roughly unchanged from -0.45 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.45 | — | 61 | Leveraged Currency | IBDW vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.18 | — | 69 | Oil & Gas | IBDW vs UGA | |
| Invesco DB Oil Fund | -0.40 | -0.19 | — | 65 | Oil & Gas | IBDW vs DBO | |
| Invesco DB Energy Fund | -0.40 | -0.19 | — | 71 | Oil & Gas | IBDW vs DBE | |
| United States Brent Oil Fund LP | -0.40 | -0.20 | -0.13 | 65 | Oil & Gas | IBDW vs BNO |
See all 2106 diversifiers for IBDW
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