Looking to diversify beyond IDEV? The ETFs below have the lowest correlation with IDEV — 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 IDEV.
Best Diversifiers for IDEV
218 ETFs have low correlation with IDEV (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.29 | -0.24 | 61 | Leveraged Currency | IDEV vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.25 | — | — | 97 | Inflation-Protected Bonds | IDEV vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | IDEV vs IBIC | |
| TCW AAA CLO ETF | -0.15 | — | — | 99 | CLO | IDEV vs ACLO | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.05 | -0.01 | 100 | Ultrashort Bond | IDEV vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDEV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDEV and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.12, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.12 | 0.08 | 0.23 | 61 | Energy | |
| Exxon Mobil Corporation | -0.10 | 0.10 | 0.23 | 68 | Energy | |
| Altria Group, Inc. | -0.10 | 0.10 | 0.20 | 70 | Consumer Defensive | |
| Chevron Corporation | -0.08 | 0.10 | 0.25 | 68 | Energy | |
| Energy Transfer LP | -0.06 | 0.21 | 0.33 | 67 | Energy |
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