Looking to diversify beyond ICOI? The ETFs below have the lowest correlation with ICOI — 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 ICOI.
Best Diversifiers for ICOI
518 ETFs have low correlation with ICOI (below 0.3), 32 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.23 | — | — | 55 | Inverse Equities | ICOI vs NFXS | |
| Franklin Liberty Systematic Style Premia ETF | -0.10 | — | — | 56 | Long-Short | ICOI vs FLSP | |
| iShares Enhanced Short-Term Bond Active ETF | -0.07 | — | — | 99 | Ultrashort Bond | ICOI vs CSHP | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.07 | — | — | 97 | Inflation-Protected Bonds | ICOI vs RBIL | |
| Brookmont Catastrophic Bond ETF | -0.07 | — | — | 96 | Nontraditional Bonds | ICOI vs ILS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ICOI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ICOI and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.40, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.40 | 0.42 | 0.42 | 72 | Technology |
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