Looking to diversify beyond IBTL? The ETFs below have the lowest correlation with IBTL — 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 IBTL.
Best Diversifiers for IBTL
1503 ETFs have low correlation with IBTL (below 0.3), 66 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.49 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.49 | — | 63 | Leveraged Currency | IBTL vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.21 | — | 55 | Oil & Gas | IBTL vs UGA | |
| Fidelity Managed Futures ETF | -0.36 | — | — | 64 | Systematic Trend | IBTL vs FFUT | |
| VanEck Commodity Strategy ETF | -0.27 | -0.12 | — | 57 | Commodities | IBTL vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.26 | -0.11 | — | 75 | Commodities | IBTL vs FAAR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBTL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBTL and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.06, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.06 | -0.02 | 0.01 | 72 | Technology | |
| JPMorgan Chase & Co. | -0.00 | -0.02 | -0.03 | 68 | Financial Services | |
| The Williams Companies, Inc. | 0.00 | 0.05 | 0.05 | 75 | Energy | |
| Lockheed Martin Corporation | 0.02 | 0.08 | 0.04 | 51 | Industrials | |
| D-Wave Quantum Inc | 0.04 | 0.03 | 0.02 | 64 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IBTL
Add IBTL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IBTL