Looking to diversify beyond ICAP? The ETFs below have the lowest correlation with ICAP — 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 ICAP.
Best Diversifiers for ICAP
296 ETFs have low correlation with ICAP (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, down from -0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.10 | — | 63 | Leveraged Currency | ICAP vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | ICAP vs RBIL | |
| United States Gasoline Fund LP | -0.17 | -0.01 | — | 55 | Oil & Gas | ICAP vs UGA | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | 0.00 | — | 100 | Government Bonds, Ultrashort Bond | ICAP vs USFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | — | — | 98 | Inflation-Protected Bonds | ICAP vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ICAP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ICAP and solid risk/return profiles. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.35, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.35 | 0.41 | 0.44 | 88 | Financial Services | |
| Reaves Utility Income Trust | 0.50 | 0.55 | 0.59 | 79 | Financial Services |
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