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
1297 ETFs have low correlation with IBHF (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.17 | -0.18 | 63 | Leveraged Currency | IBHF vs YCS | |
| United States Gasoline Fund LP | -0.19 | -0.05 | 0.07 | 55 | Oil & Gas | IBHF vs UGA | |
| Fidelity Managed Futures ETF | -0.14 | — | — | 64 | Systematic Trend | IBHF vs FFUT | |
| Brookmont Catastrophic Bond ETF | -0.13 | — | — | 96 | Nontraditional Bonds | IBHF vs ILS | |
| Simplify Currency Strategy ETF | -0.12 | -0.02 | -0.02 | 78 | Leveraged Currency | IBHF vs FOXY |
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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 Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.02, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.02 | 0.19 | 0.28 | 85 | Energy | |
| Western Midstream Partners, LP | -0.02 | 0.17 | 0.27 | 74 | Energy | |
| Chevron Corporation | 0.00 | 0.08 | 0.18 | 70 | Energy | |
| Reaves Utility Income Trust | 0.05 | 0.24 | 0.34 | 79 | Financial Services | |
| AbbVie Inc. | 0.06 | 0.17 | 0.19 | 75 | Healthcare |
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Build a portfolio that complements IBHF
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