Looking to diversify beyond IDMO? The ETFs below have historically moved differently from IDMO, 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 IDMO
394 ETFs have low correlation with IDMO (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.31 | — | 51 | Cryptocurrency | IDMO vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 69 | Derivative Income | IDMO vs WNTR | |
| Invesco DB Energy Fund | -0.34 | -0.12 | 0.09 | 66 | Oil & Gas | IDMO vs DBE | |
| ProShares UltraShort Yen | -0.30 | -0.21 | -0.19 | 59 | Leveraged Currency | IDMO vs YCS | |
| Invesco DB Oil Fund | -0.29 | -0.09 | 0.11 | 51 | Oil & Gas | IDMO vs DBO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IDMO, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.21, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.21 | -0.00 | 0.21 | 79 | Energy | |
| ConocoPhillips Company | -0.21 | 0.00 | 0.21 | 73 | Energy | |
| Altria Group, Inc. | -0.21 | -0.01 | 0.11 | 66 | Consumer Defensive | |
| Devon Energy Corporation | -0.19 | 0.05 | 0.25 | 78 | Energy | |
| Occidental Petroleum Corporation | -0.18 | 0.01 | 0.19 | 68 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IDMO
Add IDMO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IDMO