Looking to diversify beyond IBDX? The ETFs below have the lowest correlation with IBDX — 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 IBDX.
Best Diversifiers for IBDX
493 ETFs have low correlation with IBDX (below 0.3), 69 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.43 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.43 | — | 75 | Leveraged Currency | IBDX vs YCS | |
| United States Gasoline Fund LP | -0.39 | -0.17 | — | 72 | Oil & Gas | IBDX vs UGA | |
| Fidelity Managed Futures ETF | -0.31 | — | — | 66 | Systematic Trend | IBDX vs FFUT | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.31 | -0.12 | -0.05 | 51 | Commodities | IBDX vs PDBC | |
| First Trust Alternative Absolute Return Strategy E... | -0.25 | -0.09 | — | 67 | Commodities | IBDX vs FAAR |
See all 2049 diversifiers for IBDX
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