Looking to balance out your exposure to IBP? The ETFs below have the lowest correlation with IBP — they tend to move on their own, which can help reduce risk when IBP drops. The stock ideas table highlights individual companies that behave independently from IBP.
Best Diversifiers for IBP
3 ETFs have low correlation with IBP (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Rare Earth and Strategic Metals ETF (REMX) (Rare Earth & Strategic Metals) with a 1Y correlation of 0.13, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Rare Earth and Strategic Metals ETF | 0.13 | 0.28 | 0.33 | 80 | Rare Earth & Strategic Metals | IBP vs REMX | |
| Invesco DB Base Metals Fund | 0.16 | 0.16 | 0.15 | 54 | Metals | IBP vs DBB | |
| Xtrackers Harvest CSI 300 China A-Shares ETF | 0.24 | 0.18 | 0.19 | 73 | China Equities | IBP vs ASHR | |
| Invesco Solar ETF | 0.31 | 0.39 | 0.41 | 68 | Alternative Energy Equities | IBP vs TAN | |
| Global X Copper Miners ETF | 0.31 | 0.33 | 0.34 | 60 | Copper | IBP vs COPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBP and solid risk/return profiles. The least correlated is Transportadora de Gas del Sur S.A. (TGS) (Energy) with a 1Y correlation of -0.04, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Transportadora de Gas del Sur S.A. | -0.04 | 0.13 | 0.15 | 52 | Energy | |
| Sunoco LP | -0.02 | 0.14 | 0.18 | 77 | Energy | |
| Coca-Cola Consolidated, Inc. | 0.06 | 0.13 | 0.25 | 85 | Consumer Defensive | |
| Singapore Technologies Engineering Ltd ADR | 0.06 | 0.01 | 0.04 | 71 | Industrials | |
| Eli Lilly and Company | 0.10 | 0.14 | 0.14 | 74 | Healthcare |
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Build a portfolio that complements IBP
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