Looking to balance out your exposure to IBP? The ETFs below have historically moved differently from IBP, 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 IBP
5 ETFs have low correlation with IBP (below 0.3), 0 of which are negatively correlated. The least correlated is iMGP DBi Managed Futures Strategy ETF (DBMF) (Systematic Trend) with a 1Y correlation of 0.08, up from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iMGP DBi Managed Futures Strategy ETF | 0.08 | 0.06 | -0.05 | 89 | Systematic Trend | IBP vs DBMF | |
| Invesco DB Base Metals Fund | 0.15 | 0.15 | 0.14 | 76 | Metals | IBP vs DBB | |
| Xtrackers Harvest CSI 300 China A-Shares ETF | 0.21 | 0.16 | 0.18 | 51 | China Equities, Asia Pacific Equities | IBP vs ASHR | |
| State Street Health Care Select Sector SPDR ETF | 0.29 | 0.34 | 0.36 | 68 | Health & Biotech Equities | IBP vs XLV | |
| Global X Copper Miners ETF | 0.30 | 0.33 | 0.34 | 76 | Copper | IBP vs COPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IBP, 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 Transportadora de Gas del Sur S.A. (TGS) (Energy) with a 1Y correlation of -0.07, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Transportadora de Gas del Sur S.A. | -0.07 | 0.11 | 0.14 | 52 | Energy | |
| Sunoco LP | -0.03 | 0.12 | 0.18 | 92 | Energy | |
| Coca-Cola Consolidated, Inc. | 0.05 | 0.15 | 0.24 | 84 | Consumer Defensive | |
| Singapore Technologies Engineering Ltd ADR | 0.06 | 0.01 | 0.04 | 67 | Industrials | |
| Central Puerto S.A. | 0.07 | 0.17 | 0.18 | 59 | Utilities |
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