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
226 ETFs have low correlation with IBHJ (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.42, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.42 | -0.37 | -0.38 | 51 | Currency | IBHJ vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.39 | -0.39 | 68 | Inverse Equities, Leveraged Equities | IBHJ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.39 | -0.39 | 60 | Inverse Equities | IBHJ vs SMST | |
| ProShares Short Bitcoin ETF | -0.36 | -0.31 | -0.31 | 57 | Cryptocurrency | IBHJ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IBHJ vs SBIT |
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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. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.16, down from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.16 | 0.04 | — | 70 | Energy | |
| Enterprise Products Partners L.P. | -0.09 | 0.15 | — | 87 | Energy | |
| Western Midstream Partners, LP | 0.01 | 0.20 | — | 80 | Energy | |
| MPLX LP | 0.01 | 0.22 | — | 82 | Energy | |
| FLEX LNG Ltd | 0.03 | 0.13 | — | 88 | Energy |
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Build a portfolio that complements IBHJ
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