Looking to diversify beyond ICPI? The ETFs below have the lowest correlation with ICPI — 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 ICPI.
Best Diversifiers for ICPI
2 ETFs have low correlation with ICPI (below 0.3), 1 of which are negatively correlated. The least correlated is JPMorgan Limited Duration Bond ETF (JPLD) (Short-Term Bond) with a 1Y correlation of -0.17, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Limited Duration Bond ETF | -0.17 | -0.17 | -0.17 | 94 | Short-Term Bond | ICPI vs JPLD | |
| iShares 0-1 Year Treasury Bond ETF | 0.04 | 0.04 | 0.04 | 100 | Government Bonds, Ultrashort Bond | ICPI vs SHV |
Diversification Analysis
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