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
482 ETFs have low correlation with ICLN (below 0.3), 74 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | — | — | 98 | Inflation-Protected Bonds | ICLN vs IBIC | |
| Invesco DB Energy Fund | -0.21 | -0.01 | 0.07 | 71 | Oil & Gas | ICLN vs DBE | |
| United States Oil Fund LP | -0.21 | -0.01 | 0.07 | 66 | Oil & Gas | ICLN vs USO | |
| United States Brent Oil Fund LP | -0.19 | 0.00 | 0.07 | 65 | Oil & Gas | ICLN vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.19 | — | — | 56 | Derivative Income | ICLN vs USOY |
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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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.11, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.11 | 0.09 | 0.11 | 52 | Utilities | |
| The Coca-Cola Company | -0.09 | 0.07 | 0.14 | 63 | Consumer Defensive | |
| ConocoPhillips Company | -0.09 | 0.09 | 0.15 | 76 | Energy | |
| Altria Group, Inc. | -0.08 | 0.09 | 0.09 | 67 | Consumer Defensive | |
| PepsiCo, Inc. | -0.07 | 0.07 | 0.11 | 57 | Consumer Defensive |
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