Looking to diversify beyond IBHG? The ETFs below have the lowest correlation with IBHG — 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 IBHG.
Best Diversifiers for IBHG
328 ETFs have low correlation with IBHG (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.27, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.27 | -0.22 | -0.23 | 61 | Leveraged Currency | IBHG vs YCS | |
| VanEck Commodity Strategy ETF | -0.19 | -0.01 | 0.05 | 55 | Commodities | IBHG vs PIT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.15 | -0.04 | -0.04 | 50 | Commodities | IBHG vs CERY | |
| First Trust Alternative Absolute Return Strategy E... | -0.14 | -0.04 | -0.00 | 70 | Commodities | IBHG vs FAAR | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.13 | 0.03 | 0.15 | 53 | Commodities | IBHG vs FTGC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBHG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBHG and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.12, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.12 | 0.07 | 0.19 | 68 | Energy | |
| Enterprise Products Partners L.P. | -0.02 | 0.16 | 0.26 | 82 | Energy | |
| FLEX LNG Ltd | 0.05 | 0.13 | 0.21 | 84 | Energy | |
| AbbVie Inc. | 0.06 | 0.16 | 0.19 | 71 | Healthcare | |
| Western Midstream Partners, LP | 0.09 | 0.17 | 0.28 | 73 | Energy |
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