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 0.13, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.13 | 0.21 | 0.23 | 74 | S&P 500 | IDCBY vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.24 | 0.24 | 85 | Dividend | IDCBY vs SCHD |
Diversification Analysis
Build a portfolio that complements IDCBY
Add IDCBY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IDCBY