Looking to diversify beyond ICSH? The ETFs below have the lowest correlation with ICSH — 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 ICSH.
Best Diversifiers for ICSH
1772 ETFs have low correlation with ICSH (below 0.3), 70 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.31 | -0.31 | 75 | Leveraged Currency | ICSH vs YCS | |
| United States Gasoline Fund LP | -0.23 | -0.15 | -0.07 | 72 | Oil & Gas | ICSH vs UGA | |
| Fidelity Managed Futures ETF | -0.23 | — | — | 66 | Systematic Trend | ICSH vs FFUT | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.22 | -0.11 | -0.05 | 51 | Commodities | ICSH vs PDBC | |
| Invesco DWA Energy Momentum ETF | -0.19 | -0.06 | -0.02 | 52 | Momentum, Energy Equities | ICSH vs PXI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ICSH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ICSH and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.20, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.20 | -0.07 | -0.03 | 60 | Energy | |
| Energy Transfer LP | -0.19 | -0.04 | -0.02 | 80 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.16 | -0.04 | -0.03 | 78 | Energy | |
| Chevron Corporation | -0.13 | -0.04 | -0.02 | 67 | Energy | |
| ConocoPhillips Company | -0.12 | -0.08 | -0.04 | 63 | Energy |
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Build a portfolio that complements ICSH
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