Looking to balance out your exposure to IBOC? The ETFs below have the lowest correlation with IBOC — they tend to move on their own, which can help reduce risk when IBOC drops. The stock ideas table highlights individual companies that behave independently from IBOC.
Best Diversifiers for IBOC
1 ETFs have low correlation with IBOC (below 0.3), 1 of which are negatively correlated. The least correlated is iMGP DBi Managed Futures Strategy ETF (DBMF) (Systematic Trend) with a 1Y correlation of -0.04, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iMGP DBi Managed Futures Strategy ETF | -0.04 | 0.07 | 0.02 | 86 | Systematic Trend | IBOC vs DBMF |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBOC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBOC and solid risk/return profiles. The least correlated is Central Puerto S.A. (CEPU) (Utilities) with a 1Y correlation of 0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Central Puerto S.A. | 0.03 | 0.14 | 0.19 | 62 | Utilities | |
| Kiniksa Pharmaceuticals, Ltd. | 0.07 | 0.24 | 0.22 | 95 | Healthcare | |
| Nucor Corporation | 0.25 | 0.37 | 0.37 | 92 | Basic Materials | |
| Kaiser Aluminum Corporation | 0.27 | 0.42 | 0.46 | 88 | Basic Materials | |
| NPK International Inc | 0.28 | 0.30 | 0.32 | 88 | Energy |
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