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
463 ETFs have low correlation with IBDX (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.43 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.43 | — | 61 | Leveraged Currency | IBDX vs YCS | |
| Fidelity Managed Futures ETF | -0.29 | — | — | 64 | Systematic Trend | IBDX vs FFUT | |
| VanEck Commodity Strategy ETF | -0.25 | -0.08 | — | 55 | Commodities | IBDX vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.25 | -0.09 | — | 70 | Commodities | IBDX vs FAAR | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.20 | -0.09 | -0.09 | 50 | Commodities | IBDX vs CERY |
See all 2066 diversifiers for IBDX
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