Looking to diversify beyond IBHF? The ETFs below have the lowest correlation with IBHF — 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 IBHF.
Best Diversifiers for IBHF
1502 ETFs have low correlation with IBHF (below 0.3), 82 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.27 | -0.06 | 0.07 | 66 | Oil & Gas | IBHF vs USO | |
| Invesco DB Energy Fund | -0.25 | -0.05 | 0.09 | 71 | Oil & Gas | IBHF vs DBE | |
| Invesco DB Oil Fund | -0.25 | -0.05 | 0.08 | 65 | Oil & Gas | IBHF vs DBO | |
| United States Brent Oil Fund LP | -0.25 | -0.06 | 0.07 | 65 | Oil & Gas | IBHF vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.24 | -0.05 | 0.08 | 55 | Oil & Gas | IBHF vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBHF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBHF and solid risk/return profiles. The least correlated is Western Midstream Partners, LP (WES) (Energy) with a 1Y correlation of -0.03, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Western Midstream Partners, LP | -0.03 | 0.17 | 0.28 | 76 | Energy | |
| Enterprise Products Partners L.P. | -0.03 | 0.20 | 0.28 | 85 | Energy | |
| Chevron Corporation | -0.03 | 0.07 | 0.19 | 83 | Energy | |
| Reaves Utility Income Trust | 0.03 | 0.25 | 0.34 | 78 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.07 | 0.27 | 0.36 | 63 | Financial Services |
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