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
1706 ETFs have low correlation with IBHF (below 0.3), 69 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.19, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.19 | -0.06 | 0.07 | 82 | Oil & Gas | IBHF vs UGA | |
| ProShares UltraShort Yen | -0.19 | -0.17 | -0.18 | 72 | Leveraged Currency | IBHF vs YCS | |
| Invesco DB Energy Fund | -0.18 | -0.05 | 0.09 | 57 | Oil & Gas | IBHF vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.17 | -0.01 | 0.12 | 56 | Commodities | IBHF vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.17 | -0.02 | 0.10 | 52 | Commodities | IBHF vs COMT |
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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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.09, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.09 | 0.20 | 0.30 | 83 | Energy | |
| Enterprise Products Partners L.P. | -0.05 | 0.19 | 0.27 | 85 | Energy | |
| Western Midstream Partners, LP | -0.04 | 0.16 | 0.27 | 78 | Energy | |
| Chevron Corporation | -0.01 | 0.07 | 0.18 | 73 | Energy | |
| MPLX LP | 0.00 | 0.18 | 0.27 | 79 | Energy |
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Build a portfolio that complements IBHF
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