Looking to balance out your exposure to IDCBY? The ETFs below have the lowest correlation with IDCBY — they tend to move on their own, which can help reduce risk when IDCBY drops. The stock ideas table highlights individual companies that behave independently from IDCBY.
Best Diversifiers for IDCBY
2 ETFs have low correlation with IDCBY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.09, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.09 | 0.20 | 0.22 | 60 | S&P 500 | IDCBY vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.19 | 0.25 | 0.25 | 77 | Dividend | IDCBY vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDCBY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDCBY and solid risk/return profiles. The least correlated is American Express Company (AXP) (Financial Services) with a 1Y correlation of 0.08, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Express Company | 0.08 | 0.13 | 0.18 | 55 | Financial Services | |
| TotalEnergies SE | 0.14 | 0.17 | 0.14 | 79 | Energy |
Build a portfolio that complements IDCBY
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