Looking to diversify beyond IBND? The ETFs below have historically moved differently from IBND, 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 IBND
475 ETFs have low correlation with IBND (below 0.3), 99 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.64, roughly unchanged from -0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.64 | -0.59 | -0.57 | 56 | Leveraged Currency | IBND vs YCS | |
| United States Oil Fund LP | -0.43 | -0.20 | -0.06 | 55 | Oil & Gas | IBND vs USO | |
| United States Brent Oil Fund LP | -0.42 | -0.19 | -0.06 | 52 | Oil & Gas | IBND vs BNO | |
| Invesco DB Energy Fund | -0.40 | -0.20 | -0.06 | 72 | Oil & Gas | IBND vs DBE | |
| United States Gasoline Fund LP | -0.38 | -0.19 | -0.07 | 87 | Oil & Gas | IBND vs UGA |
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