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
315 ETFs have low correlation with ICAP (below 0.3), 38 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 60 | Inverse Equities | ICAP vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 68 | Inverse Equities, Leveraged Equities | ICAP vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.43 | -0.32 | -0.33 | 57 | Cryptocurrency | ICAP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ICAP vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 70 | Derivative Income | ICAP vs WNTR |
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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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.20, down from 0.37 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.20 | 0.37 | — | 74 | Real Estate | |
| DNP Select Income Fund Inc. | 0.34 | 0.41 | 0.43 | 93 | Financial Services | |
| Reaves Utility Income Trust | 0.49 | 0.54 | — | 74 | Financial Services |
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