Looking to diversify beyond IBDY? The ETFs below have the lowest correlation with IBDY — 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 IBDY.
Best Diversifiers for IBDY
409 ETFs have low correlation with IBDY (below 0.3), 66 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.44 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.44 | — | 75 | Leveraged Currency | IBDY vs YCS | |
| United States Gasoline Fund LP | -0.38 | -0.18 | — | 72 | Oil & Gas | IBDY vs UGA | |
| Fidelity Managed Futures ETF | -0.31 | — | — | 66 | Systematic Trend | IBDY vs FFUT | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.31 | -0.12 | -0.12 | 51 | Commodities | IBDY vs PDBC | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.25 | -0.07 | -0.07 | 65 | Commodities | IBDY vs SDCI |
See all 2049 diversifiers for IBDY
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