Looking to diversify beyond ICAP? The ETFs below have historically moved differently from ICAP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ICAP
291 ETFs have low correlation with ICAP (below 0.3), 44 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 58 | Derivative Income | ICAP vs WNTR | |
| ProShares UltraShort Yen | -0.23 | -0.11 | — | 56 | Leveraged Currency | ICAP vs YCS | |
| Invesco DB Energy Fund | -0.22 | -0.05 | — | 54 | Oil & Gas | ICAP vs DBE | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | -0.16 | — | 97 | Inflation-Protected Bonds | ICAP vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | 0.00 | — | 98 | Inflation-Protected Bonds | ICAP vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ICAP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.16, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.16 | 0.36 | 0.45 | 69 | Real Estate | |
| DNP Select Income Fund Inc. | 0.34 | 0.41 | 0.43 | 87 | Financial Services | |
| Reaves Utility Income Trust | 0.50 | 0.54 | 0.58 | 53 | Financial Services |
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