Looking to diversify beyond ICF? The ETFs below have historically moved differently from ICF, 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 ICF
1472 ETFs have low correlation with ICF (below 0.3), 141 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, down from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.26 | -0.19 | 56 | Leveraged Currency | ICF vs YCS | |
| Invesco DB Energy Fund | -0.15 | -0.12 | -0.00 | 54 | Oil & Gas | ICF vs DBE | |
| United States Gasoline Fund, LP | -0.15 | -0.10 | 0.01 | 72 | Oil & Gas | ICF vs UGA | |
| Pacer Data and Digital Revolution ETF | -0.14 | 0.11 | 0.26 | 50 | Technology Equities | ICF vs TRFK | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.13 | -0.07 | 0.04 | 51 | Commodities | ICF vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ICF, 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 Rivian Automotive, Inc. (RIVN) (Consumer Cyclical) with a 1Y correlation of -0.01, down from 0.22 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rivian Automotive, Inc. | -0.01 | 0.22 | — | 58 | Consumer Cyclical | |
| Bank of America Corporation | 0.28 | 0.38 | 0.41 | 85 | Financial Services | |
| EPR Properties | 0.54 | 0.64 | 0.63 | 66 | Real Estate | |
| NNN REIT, Inc. | 0.69 | 0.74 | 0.75 | 76 | Real Estate | |
| Realty Income Corporation | 0.70 | 0.72 | 0.76 | 69 | Real Estate |
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