Looking to diversify beyond ICOW? The ETFs below have the lowest correlation with ICOW — 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 ICOW.
Best Diversifiers for ICOW
363 ETFs have low correlation with ICOW (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.27 | -0.22 | 61 | Leveraged Currency | ICOW vs YCS | |
| TCW AAA CLO ETF | -0.16 | — | — | 99 | CLO | ICOW vs ACLO | |
| United States Oil Fund LP | -0.16 | 0.13 | 0.26 | 66 | Oil & Gas | ICOW vs USO | |
| Invesco DB Energy Fund | -0.16 | 0.13 | 0.26 | 71 | Oil & Gas | ICOW vs DBE | |
| United States Brent Oil Fund LP | -0.15 | 0.14 | 0.25 | 65 | Oil & Gas | ICOW vs BNO |
See all 2113 diversifiers for ICOW
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ICOW
Add ICOW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ICOW