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
232 ETFs have low correlation with IDEC (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.29 | -0.29 | 61 | Leveraged Currency | IDEC vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.26 | -0.22 | -0.22 | 97 | Inflation-Protected Bonds | IDEC vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | 0.01 | 0.01 | 98 | Inflation-Protected Bonds | IDEC vs IBIC | |
| TCW AAA CLO ETF | -0.14 | -0.05 | -0.05 | 99 | CLO | IDEC vs ACLO | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.05 | -0.05 | 100 | Government Bonds, Ultrashort Bond | IDEC vs USFR |
See all 2065 diversifiers for IDEC
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Diversification Analysis
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