Looking to diversify beyond IDEQ? The ETFs below have the lowest correlation with IDEQ — 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 IDEQ.
Best Diversifiers for IDEQ
277 ETFs have low correlation with IDEQ (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.39 | -0.39 | 57 | Cryptocurrency | IDEQ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IDEQ vs SBIT | |
| ProShares UltraShort Yen | -0.30 | -0.30 | -0.30 | 72 | Leveraged Currency | IDEQ vs YCS | |
| Return Stacked Bonds & Futures Yield ETF | -0.25 | -0.25 | -0.25 | 51 | Multistrategy | IDEQ vs RSBY | |
| Global X 1-3 Month T-Bill ETF | -0.11 | -0.11 | -0.11 | 100 | Ultrashort Bond | IDEQ vs CLIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDEQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDEQ and solid risk/return profiles. 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.43 | 0.43 | 0.43 | 54 | Consumer Cyclical |
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