Looking to diversify beyond IDU? The ETFs below have historically moved differently from IDU, 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 IDU
1997 ETFs have low correlation with IDU (below 0.3), 148 of which are negatively correlated. The least correlated is Fidelity Cloud Computing ETF (FCLD) (Technology Equities) with a 1Y correlation of -0.13, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Cloud Computing ETF | -0.13 | 0.05 | 0.17 | 56 | Technology Equities, Cloud Computing | IDU vs FCLD | |
| Eaton Vance Floating-Rate ETF | -0.12 | — | — | 76 | Bank Loan | IDU vs EVLN | |
| ProShares UltraShort Yen | -0.12 | -0.15 | -0.13 | 56 | Leveraged Currency | IDU vs YCS | |
| Invesco BulletShares 2026 Corporate Bond ETF | -0.11 | 0.12 | 0.20 | 99 | Corporate Bonds | IDU vs BSCQ | |
| Invesco DB Energy Fund | -0.10 | -0.05 | 0.04 | 72 | Oil & Gas | IDU vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IDU, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of -0.02, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | -0.02 | 0.06 | 0.21 | 89 | Technology | |
| Capital Southwest Corporation | -0.02 | 0.19 | 0.24 | 68 | Financial Services | |
| NVIDIA Corporation | -0.02 | -0.02 | 0.08 | 56 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.11 | 0.06 | 0.10 | 87 | Technology | |
| Advanced Micro Devices, Inc. | 0.11 | 0.07 | 0.12 | 94 | Technology |
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