Looking to diversify beyond IDMO? The ETFs below have the lowest correlation with IDMO — 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 IDMO.
Best Diversifiers for IDMO
345 ETFs have low correlation with IDMO (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, down from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.31 | -0.33 | 53 | Cryptocurrency | IDMO vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 65 | Inverse Equities, Leveraged Equities | IDMO vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 56 | Inverse Equities | IDMO vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | IDMO vs WNTR | |
| Invesco DB Energy Fund | -0.33 | -0.12 | 0.10 | 57 | Oil & Gas | IDMO vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDMO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDMO and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.17, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.17 | 0.02 | 0.23 | 73 | Energy | |
| Exxon Mobil Corporation | -0.16 | 0.02 | 0.22 | 76 | Energy | |
| ConocoPhillips Company | -0.15 | 0.02 | 0.21 | 66 | Energy | |
| Occidental Petroleum Corporation | -0.15 | 0.04 | 0.21 | 64 | Energy | |
| Altria Group, Inc. | -0.15 | 0.02 | 0.14 | 78 | Consumer Defensive |
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