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
1675 ETFs have low correlation with IBTL (below 0.3), 111 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.50, roughly unchanged from -0.50 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.50 | — | 61 | Leveraged Currency | IBTL vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.22 | — | 69 | Oil & Gas | IBTL vs UGA | |
| Invesco DB Energy Fund | -0.40 | -0.22 | — | 71 | Oil & Gas | IBTL vs DBE | |
| Invesco DB Oil Fund | -0.39 | -0.21 | — | 65 | Oil & Gas | IBTL vs DBO | |
| ProShares Ultra Bloomberg Crude Oil | -0.38 | -0.21 | — | 54 | Leveraged Commodities | IBTL vs UCO |
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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 -0.10, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.10 | -0.03 | 0.01 | 78 | Technology | |
| D-Wave Quantum Inc | -0.03 | 0.03 | 0.01 | 59 | Technology | |
| The Williams Companies, Inc. | -0.00 | 0.06 | 0.05 | 66 | Energy | |
| JPMorgan Chase & Co. | 0.01 | -0.04 | -0.05 | 59 | Financial Services | |
| Interactive Brokers Group, Inc. | 0.03 | -0.15 | -0.12 | 83 | Financial Services |
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