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
1892 ETFs have low correlation with IBMQ (below 0.3), 123 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.16, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.16 | -0.03 | -0.03 | 71 | Commodities | IBMQ vs GSG | |
| United States Gasoline Fund LP | -0.16 | -0.05 | -0.04 | 69 | Oil & Gas | IBMQ vs UGA | |
| Invesco DB Energy Fund | -0.16 | -0.06 | -0.05 | 71 | Oil & Gas | IBMQ vs DBE | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.16 | -0.05 | -0.05 | 55 | Oil & Gas | IBMQ vs OILK | |
| Invesco DB Oil Fund | -0.16 | -0.05 | -0.05 | 65 | Oil & Gas | IBMQ vs DBO |
See all 2103 diversifiers for IBMQ
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