Looking to diversify beyond ICVT? The ETFs below have historically moved differently from ICVT, 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 ICVT
573 ETFs have low correlation with ICVT (below 0.3), 99 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.54 | — | — | 52 | Inverse Equities | ICVT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.53 | — | — | 61 | Inverse Equities, Leveraged Equities | ICVT vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.53 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ICVT vs SBIT | |
| ProShares Short Bitcoin ETF | -0.53 | -0.46 | — | 61 | Cryptocurrency | ICVT vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.52 | — | — | 75 | Derivative Income | ICVT vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ICVT, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.15 | 0.06 | 0.15 | 62 | Consumer Defensive | |
| Ecolab Inc. | 0.10 | 0.28 | 0.41 | 53 | Basic Materials | |
| Apple Inc | 0.21 | 0.32 | 0.47 | 89 | Technology | |
| Equinix, Inc. | 0.30 | 0.39 | 0.44 | 82 | Real Estate | |
| Alphabet Inc. Class A | 0.34 | 0.40 | 0.49 | 95 | Communication Services |
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