Looking to balance out your exposure to IDT? The ETFs below have the lowest correlation with IDT — they tend to move on their own, which can help reduce risk when IDT drops. The stock ideas table highlights individual companies that behave independently from IDT.
Best Diversifiers for IDT
5 ETFs have low correlation with IDT (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.04 | -0.01 | 100 | Ultrashort Bond | IDT vs SGOV | |
| Global X Data Center & Digital Infrastructure ETF | 0.03 | 0.19 | 0.24 | 92 | REIT | IDT vs DTCR | |
| Vanguard Information Technology ETF | 0.15 | 0.21 | 0.35 | 76 | Technology Equities | IDT vs VGT | |
| Invesco QQQ ETF | 0.20 | 0.23 | 0.35 | 73 | Nasdaq-100 | IDT vs QQQ | |
| Vanguard S&P 500 ETF | 0.24 | 0.29 | 0.39 | 70 | S&P 500 | IDT vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDT and solid risk/return profiles. The least correlated is Suncor Energy Inc. (SU) (Energy) with a 1Y correlation of -0.08, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.08 | 0.09 | 0.15 | 95 | Energy | |
| Altria Group, Inc. | -0.06 | 0.07 | 0.10 | 69 | Consumer Defensive | |
| Red Cat Holdings, Inc. | -0.03 | 0.06 | 0.12 | 69 | Technology | |
| Duke Energy Corporation | -0.01 | 0.13 | 0.09 | 53 | Utilities | |
| Uranium Energy Corp. | -0.00 | 0.10 | 0.23 | 79 | Energy |
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