Looking to diversify beyond IBDW? The ETFs below have historically moved differently from IBDW, 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 IBDW
576 ETFs have low correlation with IBDW (below 0.3), 111 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, 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 | -0.46 | -0.45 | -0.47 | 56 | Leveraged Currency | IBDW vs YCS | |
| United States Brent Oil Fund LP | -0.42 | -0.22 | -0.13 | 52 | Oil & Gas | IBDW vs BNO | |
| Invesco DB Energy Fund | -0.42 | -0.22 | -0.12 | 72 | Oil & Gas | IBDW vs DBE | |
| Invesco DB Oil Fund | -0.42 | -0.21 | -0.12 | 58 | Oil & Gas | IBDW vs DBO | |
| United States Oil Fund LP | -0.40 | -0.21 | -0.12 | 55 | Oil & Gas | IBDW vs USO |
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