Looking to diversify beyond ICLO? The ETFs below have historically moved differently from ICLO, 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 ICLO
2240 ETFs have low correlation with ICLO (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.13, roughly unchanged from -0.09 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.13 | -0.09 | — | 56 | Leveraged Currency | ICLO vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.12 | — | — | 52 | Inverse Equities | ICLO vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.11 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ICLO vs SBIT | |
| ProShares Short Bitcoin ETF | -0.11 | -0.07 | — | 61 | Cryptocurrency | ICLO vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.11 | — | — | 61 | Inverse Equities, Leveraged Equities | ICLO vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ICLO, 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 LTC Properties, Inc. (LTC) (Real Estate) with a 1Y correlation of -0.02, roughly unchanged from 0.05 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| LTC Properties, Inc. | -0.02 | 0.05 | — | 80 | Real Estate | |
| BlackRock Capital Allocation Term Trust | 0.17 | 0.11 | — | 95 | Financial Services |
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