Looking to diversify beyond ICLN? The ETFs below have historically moved differently from ICLN, 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 ICLN
623 ETFs have low correlation with ICLN (below 0.3), 96 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.40 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ICLN vs SBIT | |
| ProShares Short Bitcoin ETF | -0.39 | -0.25 | — | 61 | Cryptocurrency | ICLN vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 61 | Inverse Equities, Leveraged Equities | ICLN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 52 | Inverse Equities | ICLN vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 75 | Derivative Income | ICLN vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ICLN, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.32, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.32 | -0.07 | 0.08 | 89 | Financial Services | |
| The Coca-Cola Company | -0.25 | 0.01 | 0.10 | 90 | Consumer Defensive | |
| Duke Energy Corporation | -0.23 | 0.05 | 0.11 | 56 | Utilities | |
| Colgate-Palmolive Company | -0.22 | -0.02 | 0.03 | 59 | Consumer Defensive | |
| Altria Group, Inc. | -0.19 | 0.04 | 0.07 | 66 | Consumer Defensive |
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