Looking to diversify beyond ICLO? The ETFs below have the lowest correlation with ICLO — 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 ICLO.
Best Diversifiers for ICLO
2057 ETFs have low correlation with ICLO (below 0.3), 61 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.15, roughly unchanged from -0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.15 | -0.08 | — | 75 | Leveraged Currency | ICLO vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.12 | — | — | 53 | Inverse Equities | ICLO vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.11 | — | — | 60 | Inverse Equities, Leveraged Equities | ICLO vs MSTZ | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.11 | — | — | 98 | Inflation-Protected Bonds | ICLO vs IBIC | |
| Breakwave Dry Bulk Shipping ETF | -0.09 | -0.03 | — | 80 | Commodities | ICLO vs BDRY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ICLO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ICLO and solid risk/return profiles. The least correlated is LTC Properties, Inc. (LTC) (Real Estate) with a 1Y correlation of 0.02, roughly unchanged from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| LTC Properties, Inc. | 0.02 | 0.05 | — | 73 | Real Estate | |
| BlackRock Capital Allocation Term Trust | 0.17 | 0.11 | — | 94 | Financial Services |
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