Looking to diversify beyond IBOT? The ETFs below have the lowest correlation with IBOT — 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 IBOT.
Best Diversifiers for IBOT
384 ETFs have low correlation with IBOT (below 0.3), 84 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.08 | — | 71 | Oil & Gas | IBOT vs DBE | |
| United States Oil Fund LP | -0.33 | -0.07 | — | 66 | Oil & Gas | IBOT vs USO | |
| United States Brent Oil Fund LP | -0.32 | -0.07 | — | 65 | Oil & Gas | IBOT vs BNO | |
| United States Gasoline Fund LP | -0.29 | -0.06 | — | 69 | Oil & Gas | IBOT vs UGA | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | — | — | 56 | Derivative Income | IBOT vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBOT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBOT and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.30, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.30 | -0.09 | -0.08 | 69 | Consumer Defensive | |
| British American Tobacco p.l.c. | 0.06 | 0.10 | 0.09 | 77 | Consumer Defensive | |
| International Business Machines Corporation | 0.26 | 0.37 | — | 53 | Technology | |
| IonQ, Inc. | 0.39 | 0.42 | 0.42 | 64 | Technology | |
| Rigetti Computing Inc | 0.43 | 0.41 | 0.40 | 68 | Technology |
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