Looking to diversify beyond IDOG? The ETFs below have historically moved differently from IDOG, 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 IDOG
405 ETFs have low correlation with IDOG (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.31 | -0.24 | 56 | Leveraged Currency | IDOG vs YCS | |
| ProShares Short Bitcoin ETF | -0.26 | -0.23 | — | 61 | Cryptocurrency | IDOG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.26 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IDOG vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | — | — | 61 | Inverse Equities, Leveraged Equities | IDOG vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | — | — | 52 | Inverse Equities | IDOG vs SMST |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IDOG, 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 AGNC Investment Corp. (AGNCN) (Real Estate) with a 1Y correlation of 0.18, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.18 | 0.20 | 0.25 | 92 | Real Estate | |
| Reaves Utility Income Trust | 0.25 | 0.31 | 0.41 | 55 | Financial Services | |
| AGNC Investment Corp. | 0.36 | 0.46 | 0.50 | 79 | Real Estate |
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