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
568 ETFs have low correlation with IBDW (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.50, roughly unchanged from -0.44 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.44 | — | 63 | Leveraged Currency | IBDW vs YCS | |
| United States Gasoline Fund LP | -0.41 | -0.18 | -0.11 | 55 | Oil & Gas | IBDW vs UGA | |
| Fidelity Managed Futures ETF | -0.32 | — | — | 64 | Systematic Trend | IBDW vs FFUT | |
| VanEck Commodity Strategy ETF | -0.26 | -0.09 | — | 57 | Commodities | IBDW vs PIT | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.25 | -0.08 | — | 50 | Commodities | IBDW vs CMDT |
See all 1941 diversifiers for IBDW
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