Looking to diversify beyond IBHJ? The ETFs below have the lowest correlation with IBHJ — 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 IBHJ.
Best Diversifiers for IBHJ
256 ETFs have low correlation with IBHJ (below 0.3), 73 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | — | — | 71 | Oil & Gas | IBHJ vs DBE | |
| ProShares UltraShort Yen | -0.33 | — | — | 61 | Leveraged Currency | IBHJ vs YCS | |
| United States Brent Oil Fund LP | -0.32 | — | — | 65 | Oil & Gas | IBHJ vs BNO | |
| United States Oil Fund LP | -0.32 | -0.09 | -0.09 | 66 | Oil & Gas | IBHJ vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.31 | -0.06 | -0.06 | 55 | Oil & Gas | IBHJ vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBHJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBHJ and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.13 | — | — | 83 | Energy | |
| Enterprise Products Partners L.P. | -0.05 | — | — | 85 | Energy | |
| FLEX LNG Ltd | 0.01 | — | — | 81 | Energy | |
| Western Midstream Partners, LP | 0.04 | — | — | 76 | Energy | |
| AbbVie Inc. | 0.14 | — | — | 62 | Healthcare |
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