Looking to diversify beyond IDOG? The ETFs below have the lowest correlation with IDOG — 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 IDOG.
Best Diversifiers for IDOG
366 ETFs have low correlation with IDOG (below 0.3), 28 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.61, roughly unchanged from -0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.61 | -0.59 | -0.60 | 51 | Currency | IDOG vs UUP | |
| ProShares UltraShort Yen | -0.42 | -0.31 | -0.23 | 72 | Leveraged Currency | IDOG vs YCS | |
| Proshares Ultrashort Bitcoin ETF | -0.24 | -0.26 | -0.26 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IDOG vs SBIT | |
| ProShares Short Bitcoin ETF | -0.24 | -0.24 | -0.28 | 57 | Cryptocurrency | IDOG vs BITI | |
| TCW AAA CLO ETF | -0.22 | — | — | 99 | CLO | IDOG vs ACLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDOG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDOG and solid risk/return profiles. The least correlated is AGNC Investment Corp. (AGNCN) (Real Estate) with a 1Y correlation of 0.17, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.17 | 0.20 | 0.26 | 93 | Real Estate | |
| Reaves Utility Income Trust | 0.24 | 0.32 | 0.42 | 74 | Financial Services |
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