Looking to diversify beyond IBHK? The ETFs below have the lowest correlation with IBHK — 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 IBHK.
Best Diversifiers for IBHK
201 ETFs have low correlation with IBHK (below 0.3), 73 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.44 | -0.34 | -0.34 | 51 | Currency | IBHK vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | -0.38 | -0.38 | 68 | Inverse Equities, Leveraged Equities | IBHK vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | -0.39 | -0.39 | 60 | Inverse Equities | IBHK vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 70 | Derivative Income | IBHK vs WNTR | |
| ProShares Short Bitcoin ETF | -0.38 | -0.36 | -0.36 | 57 | Cryptocurrency | IBHK vs BITI |
See all 2037 diversifiers for IBHK
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