Looking to diversify beyond IDRV? The ETFs below have the lowest correlation with IDRV — 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 IDRV.
Best Diversifiers for IDRV
435 ETFs have low correlation with IDRV (below 0.3), 63 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | — | — | 63 | Inverse Equities | IDRV vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 70 | Inverse Equities, Leveraged Equities | IDRV vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 73 | Derivative Income | IDRV vs WNTR | |
| ProShares Short Bitcoin ETF | -0.43 | -0.35 | -0.38 | 52 | Cryptocurrency | IDRV vs BITI | |
| Return Stacked Bonds & Futures Yield ETF | -0.22 | — | — | 56 | Multistrategy | IDRV vs RSBY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDRV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDRV and solid risk/return profiles. The least correlated is Rio Tinto Group (RIO) (Basic Materials) with a 1Y correlation of 0.61, roughly unchanged from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rio Tinto Group | 0.61 | 0.57 | 0.52 | 88 | Basic Materials |
Build a portfolio that complements IDRV
Add IDRV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IDRV