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
291 ETFs have low correlation with IDMO (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.34, down from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.22 | -0.18 | 63 | Leveraged Currency | IDMO vs YCS | |
| United States Gasoline Fund LP | -0.31 | -0.09 | 0.09 | 55 | Oil & Gas | IDMO vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.30 | — | — | 97 | Inflation-Protected Bonds | IDMO vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | IDMO vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.17 | — | — | 99 | Ultrashort Bond | IDMO vs CSHP |
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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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.17, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.17 | 0.03 | 0.21 | 65 | Energy | |
| Chevron Corporation | -0.15 | 0.02 | 0.20 | 70 | Energy | |
| Exxon Mobil Corporation | -0.15 | 0.03 | 0.20 | 72 | Energy | |
| Ovintiv Inc. | -0.12 | 0.11 | 0.27 | 76 | Energy | |
| Altria Group, Inc. | -0.11 | 0.06 | 0.16 | 72 | Consumer Defensive |
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