Looking to diversify beyond IBHJ? The ETFs below have historically moved differently from IBHJ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IBHJ
247 ETFs have low correlation with IBHJ (below 0.3), 87 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.31 | — | 51 | Cryptocurrency | IBHJ vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 69 | Derivative Income | IBHJ vs WNTR | |
| Invesco DB Energy Fund | -0.32 | -0.11 | — | 66 | Oil & Gas | IBHJ vs DBE | |
| ProShares UltraShort Yen | -0.31 | -0.25 | — | 59 | Leveraged Currency | IBHJ vs YCS | |
| Invesco DB Oil Fund | -0.29 | -0.09 | — | 51 | Oil & Gas | IBHJ vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IBHJ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.20, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.20 | -0.01 | -0.00 | 79 | Energy | |
| Enterprise Products Partners L.P. | -0.12 | 0.11 | 0.12 | 89 | Energy | |
| FLEX LNG Ltd | 0.00 | 0.12 | — | 83 | Energy | |
| Western Midstream Partners, LP | 0.00 | 0.19 | 0.20 | 82 | Energy | |
| MPLX LP | 0.02 | 0.21 | 0.21 | 82 | Energy |
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