Looking to diversify beyond IDU? The ETFs below have the lowest correlation with IDU — 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 IDU.
Best Diversifiers for IDU
1873 ETFs have low correlation with IDU (below 0.3), 128 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.16, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.16 | -0.15 | -0.13 | 72 | Leveraged Currency | IDU vs YCS | |
| Fidelity Managed Futures ETF | -0.13 | -0.12 | -0.12 | 71 | Systematic Trend | IDU vs FFUT | |
| Proshares Ultrashort Bitcoin ETF | -0.11 | -0.13 | -0.13 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IDU vs SBIT | |
| ProShares Short Bitcoin ETF | -0.11 | -0.12 | -0.13 | 57 | Cryptocurrency | IDU vs BITI | |
| Fidelity Cloud Computing ETF | -0.11 | 0.06 | 0.18 | 54 | Technology Equities, Cloud Computing | IDU vs FCLD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDU and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.06, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.06 | -0.03 | 0.08 | 65 | Technology | |
| Apple Inc | -0.01 | 0.06 | 0.21 | 91 | Technology | |
| Capital Southwest Corporation | 0.00 | 0.19 | 0.25 | 66 | Financial Services | |
| Tesla, Inc. | 0.04 | 0.08 | 0.13 | 63 | Consumer Cyclical | |
| Advanced Micro Devices, Inc. | 0.09 | 0.06 | 0.11 | 97 | Technology |
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