Looking to diversify beyond IDLV? The ETFs below have the lowest correlation with IDLV — 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 IDLV.
Best Diversifiers for IDLV
411 ETFs have low correlation with IDLV (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.49, down from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.41 | -0.36 | 73 | Leveraged Currency | IDLV vs YCS | |
| ProShares Short Bitcoin ETF | -0.27 | -0.23 | — | 52 | Cryptocurrency | IDLV vs BITI | |
| United States Gasoline Fund LP | -0.24 | -0.11 | 0.04 | 84 | Oil & Gas | IDLV vs UGA | |
| Invesco DB Energy Fund | -0.24 | -0.12 | 0.05 | 57 | Oil & Gas | IDLV vs DBE | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.21 | — | — | 70 | Inverse Equities, Leveraged Equities | IDLV vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDLV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDLV and solid risk/return profiles. The least correlated is Saab AB (publ) (SAABY) (Industrials) with a 1Y correlation of 0.30, up from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Saab AB (publ) | 0.30 | 0.20 | 0.14 | 50 | Industrials | |
| Safran SA | 0.40 | 0.46 | 0.53 | 58 | Industrials | |
| Rolls-Royce Holdings plc | 0.45 | 0.41 | 0.44 | 74 | Industrials |
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