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 iMGP DBi Managed Futures Strategy ETF (DBMF) (Systematic Trend) with a 1Y correlation of 0.13, up from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iMGP DBi Managed Futures Strategy ETF | 0.13 | 0.06 | -0.04 | 87 | Systematic Trend | IBP vs DBMF | |
| Invesco DB Base Metals Fund | 0.16 | 0.16 | 0.15 | 63 | Metals | IBP vs DBB | |
| Xtrackers Harvest CSI 300 China A-Shares ETF | 0.23 | 0.17 | 0.18 | 58 | China Equities, Asia Pacific Equities | IBP vs ASHR | |
| Global X Copper Miners ETF | 0.34 | 0.34 | 0.35 | 54 | Copper | IBP vs COPX | |
| Vanguard S&P 500 ETF | 0.37 | 0.47 | 0.52 | 66 | S&P 500 | IBP vs VOO |
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 Sunoco LP (SUN) (Energy) with a 1Y correlation of -0.05, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sunoco LP | -0.05 | 0.12 | 0.18 | 86 | Energy | |
| Transportadora de Gas del Sur S.A. | -0.04 | 0.12 | 0.15 | 61 | Energy | |
| Coca-Cola Consolidated, Inc. | 0.04 | 0.14 | 0.23 | 83 | Consumer Defensive | |
| Singapore Technologies Engineering Ltd ADR | 0.06 | 0.01 | 0.04 | 75 | Industrials | |
| Asseco Poland SA ADR | 0.06 | 0.03 | 0.02 | 52 | Technology |
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