Looking to diversify beyond IDEQ? The ETFs below have historically moved differently from IDEQ, 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 IDEQ
345 ETFs have low correlation with IDEQ (below 0.3), 65 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.39, roughly unchanged from -0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | -0.39 | -0.39 | 52 | Inverse Equities | IDEQ vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | -0.36 | -0.36 | 75 | Derivative Income | IDEQ vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.27 | -0.27 | -0.27 | 98 | Inflation-Protected Bonds | IDEQ vs IBIC | |
| Invesco DB Oil Fund | -0.24 | -0.24 | -0.24 | 58 | Oil & Gas | IDEQ vs DBO | |
| United States Gasoline Fund, LP | -0.23 | -0.23 | -0.23 | 87 | Oil & Gas | IDEQ vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IDEQ, 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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.43, roughly unchanged from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.43 | 0.43 | 0.43 | 60 | Consumer Cyclical |
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