Looking to diversify beyond IDNA? The ETFs below have the lowest correlation with IDNA — 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 IDNA.
Best Diversifiers for IDNA
390 ETFs have low correlation with IDNA (below 0.3), 66 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.15 | -0.14 | 63 | Leveraged Currency | IDNA vs YCS | |
| United States Oil Fund LP | -0.27 | -0.10 | -0.02 | 66 | Oil & Gas | IDNA vs USO | |
| United States Brent Oil Fund LP | -0.27 | -0.10 | -0.03 | 65 | Oil & Gas | IDNA vs BNO | |
| Invesco DB Energy Fund | -0.25 | -0.10 | -0.01 | 71 | Oil & Gas | IDNA vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | — | — | 56 | Derivative Income | IDNA vs USOY |
See all 2189 diversifiers for IDNA
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