Looking to diversify beyond IDEC? The ETFs below have the lowest correlation with IDEC — 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 IDEC.
Best Diversifiers for IDEC
243 ETFs have low correlation with IDEC (below 0.3), 53 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | — | — | 75 | Leveraged Currency | IDEC vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.34 | -0.34 | 53 | Inverse Equities | IDEC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.33 | -0.33 | 60 | Inverse Equities, Leveraged Equities | IDEC vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 65 | Derivative Income | IDEC vs WNTR | |
| United States Gasoline Fund LP | -0.28 | — | — | 72 | Oil & Gas | IDEC vs UGA |
See all 2047 diversifiers for IDEC
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements IDEC
Add IDEC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IDEC