Looking to diversify beyond ICSH? The ETFs below have historically moved differently from ICSH, 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 ICSH
1890 ETFs have low correlation with ICSH (below 0.3), 108 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.33, roughly unchanged from -0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.33 | -0.32 | -0.32 | 56 | Leveraged Currency | ICSH vs YCS | |
| Invesco DB Energy Fund | -0.28 | -0.16 | -0.09 | 72 | Oil & Gas | ICSH vs DBE | |
| Invesco DB Oil Fund | -0.27 | -0.15 | -0.09 | 58 | Oil & Gas | ICSH vs DBO | |
| United States Brent Oil Fund LP | -0.27 | -0.15 | -0.09 | 52 | Oil & Gas | ICSH vs BNO | |
| United States Oil Fund LP | -0.26 | -0.14 | -0.08 | 55 | Oil & Gas | ICSH vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ICSH, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.23, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.23 | -0.10 | -0.05 | 70 | Energy | |
| ConocoPhillips Company | -0.20 | -0.12 | -0.07 | 72 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.17 | -0.05 | -0.04 | 85 | Energy | |
| Energy Transfer LP | -0.16 | -0.05 | -0.03 | 81 | Energy | |
| Devon Energy Corporation | -0.16 | -0.09 | -0.05 | 76 | Energy |
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