Looking to diversify beyond IBTQ? The ETFs below have the lowest correlation with IBTQ — 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 IBTQ.
Best Diversifiers for IBTQ
1636 ETFs have low correlation with IBTQ (below 0.3), 108 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 -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.40 | -0.40 | 61 | Leveraged Currency | IBTQ vs YCS | |
| United States Gasoline Fund LP | -0.43 | -0.38 | -0.38 | 69 | Oil & Gas | IBTQ vs UGA | |
| Invesco DB Energy Fund | -0.42 | — | — | 71 | Oil & Gas | IBTQ vs DBE | |
| Invesco DB Oil Fund | -0.41 | -0.35 | -0.35 | 65 | Oil & Gas | IBTQ vs DBO | |
| United States Brent Oil Fund LP | -0.41 | -0.35 | -0.35 | 65 | Oil & Gas | IBTQ vs BNO |
See all 2104 diversifiers for IBTQ
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