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
656 ETFs have low correlation with ICOI (below 0.3), 37 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.74 | — | — | 70 | Inverse Equities, Leveraged Equities | ICOI vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.73 | — | — | 63 | Inverse Equities | ICOI vs SMST | |
| ProShares Short Bitcoin ETF | -0.73 | — | — | 52 | Cryptocurrency | ICOI vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.71 | — | — | 73 | Derivative Income | ICOI vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.24 | — | — | 57 | Inverse Equities | ICOI vs NFXS |
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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 0.37, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.37 | 0.39 | 0.39 | 63 | Technology |
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