Looking to balance out your exposure to IBN? The ETFs below have historically moved differently from IBN, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IBN
8 ETFs have low correlation with IBN (below 0.3), 2 of which are negatively correlated. The least correlated is Alerian MLP ETF (AMLP) (MLPs) with a 1Y correlation of -0.10, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian MLP ETF | -0.10 | 0.12 | 0.24 | 66 | MLPs | IBN vs AMLP | |
| iShares 0-3 Month Treasury Bond ETF | -0.05 | -0.02 | -0.01 | 100 | Ultrashort Bond | IBN vs SGOV | |
| Vanguard Information Technology ETF | 0.12 | 0.22 | 0.37 | 52 | Technology Equities | IBN vs VGT | |
| Vanguard S&P 500 ETF | 0.27 | 0.32 | 0.44 | 68 | S&P 500 | IBN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.32 | 0.44 | 67 | S&P 500 | IBN vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IBN, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Suncor Energy Inc. (SU) (Energy) with a 1Y correlation of -0.20, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.20 | -0.00 | 0.11 | 94 | Energy | |
| BP p.l.c. | -0.20 | 0.01 | 0.11 | 84 | Energy | |
| Shell plc | -0.09 | 0.08 | 0.17 | 80 | Energy | |
| TotalEnergies SE | -0.07 | 0.03 | 0.07 | 91 | Energy | |
| Saipem SpA ADR | -0.04 | -0.01 | 0.01 | 82 | Energy |
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