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
630 ETFs have low correlation with ICOI (below 0.3), 44 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Liberty Systematic Style Premia ETF | -0.08 | — | — | 53 | Long-Short | ICOI vs FLSP | |
| First Trust Merger Arbitrage ETF | -0.08 | — | — | 52 | Long-Short | ICOI vs MARB | |
| United States Oil Fund LP | -0.07 | — | — | 66 | Oil & Gas | ICOI vs USO | |
| iShares Diversified Commodity Swap UCITS ETF | -0.07 | — | — | 83 | Commodities | ICOI vs ISCMF | |
| Brookmont Catastrophic Bond ETF | -0.06 | — | — | 93 | 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 0.38, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.38 | 0.41 | 0.41 | 78 | Technology |
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