Looking to diversify beyond IBMQ? The ETFs below have the lowest correlation with IBMQ — 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 IBMQ.
Best Diversifiers for IBMQ
1747 ETFs have low correlation with IBMQ (below 0.3), 82 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.17, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.17 | -0.04 | -0.04 | 55 | Oil & Gas | IBMQ vs UGA | |
| VanEck Commodity Strategy ETF | -0.15 | -0.01 | -0.00 | 57 | Commodities | IBMQ vs PIT | |
| ProShares UltraShort Yen | -0.15 | -0.28 | -0.34 | 63 | Leveraged Currency | IBMQ vs YCS | |
| Bastion Energy ETF | -0.13 | -0.15 | -0.15 | 84 | Energy Equities | IBMQ vs BESF | |
| SGI Enhanced Core ETF | -0.13 | — | — | 95 | Intermediate Core Bond | IBMQ vs USDX |
See all 1938 diversifiers for IBMQ
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