Looking to diversify beyond ICLN? The ETFs below have the lowest correlation with ICLN — 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 ICLN.
Best Diversifiers for ICLN
391 ETFs have low correlation with ICLN (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.18, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.18 | -0.20 | -0.15 | 63 | Leveraged Currency | ICLN vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | ICLN vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.16 | — | — | 95 | Inflation-Protected Bonds | ICLN vs IBID | |
| United States Gasoline Fund LP | -0.15 | 0.00 | 0.07 | 55 | Oil & Gas | ICLN vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | — | — | 97 | Inflation-Protected Bonds | ICLN vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ICLN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ICLN and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.18, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.18 | -0.04 | 0.09 | 69 | Financial Services | |
| The Coca-Cola Company | -0.12 | 0.05 | 0.13 | 74 | Consumer Defensive | |
| ConocoPhillips Company | -0.11 | 0.08 | 0.14 | 65 | Energy | |
| Exxon Mobil Corporation | -0.10 | 0.11 | 0.18 | 72 | Energy | |
| Duke Energy Corporation | -0.10 | 0.10 | 0.11 | 62 | Utilities |
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