Looking to diversify beyond IDGT? The ETFs below have the lowest correlation with IDGT — 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 IDGT.
Best Diversifiers for IDGT
431 ETFs have low correlation with IDGT (below 0.3), 36 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 53 | Inverse Equities | IDGT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 60 | Inverse Equities, Leveraged Equities | IDGT vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 65 | Derivative Income | IDGT vs WNTR | |
| ProShares UltraShort Yen | -0.16 | -0.10 | -0.05 | 75 | Leveraged Currency | IDGT vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | — | — | 97 | Inflation-Protected Bonds | IDGT vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDGT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDGT and solid risk/return profiles. The least correlated is WEC Energy Group, Inc. (WEC) (Utilities) with a 1Y correlation of -0.00, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| WEC Energy Group, Inc. | -0.00 | 0.09 | 0.14 | 67 | Utilities | |
| AbbVie Inc. | 0.02 | 0.11 | 0.16 | 77 | Healthcare | |
| Enbridge Inc. | 0.05 | 0.21 | 0.31 | 87 | Energy | |
| Gilead Sciences, Inc. | 0.12 | 0.13 | 0.20 | 62 | Healthcare | |
| Xcel Energy Inc. | 0.13 | 0.11 | 0.17 | 75 | Utilities |
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Build a portfolio that complements IDGT
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