Looking to diversify beyond ICOI? The ETFs below have historically moved differently from ICOI, 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 ICOI
584 ETFs have low correlation with ICOI (below 0.3), 25 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.70 | — | — | 58 | Derivative Income | ICOI vs WNTR | |
| iShares Diversified Commodity Swap UCITS ETF | -0.09 | — | — | 58 | Commodities | ICOI vs ISCMF | |
| Invesco DB Energy Fund | -0.09 | — | — | 54 | Oil & Gas | ICOI vs DBE | |
| Franklin Systematic Style Premia ETF | -0.09 | -0.11 | -0.11 | 76 | Multistrategy, Long-Short | ICOI vs FLSP | |
| Brookmont Catastrophic Bond ETF | -0.07 | — | — | 97 | Nontraditional Bonds | ICOI vs ILS |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ICOI, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.38, roughly unchanged from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.38 | 0.40 | 0.40 | 63 | Technology |
Build a portfolio that complements ICOI
Add ICOI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ICOI