Looking to diversify beyond IDV? The ETFs below have the lowest correlation with IDV — 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 IDV.
Best Diversifiers for IDV
359 ETFs have low correlation with IDV (below 0.3), 28 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.57, roughly unchanged from -0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.57 | -0.59 | -0.62 | 51 | Currency | IDV vs UUP | |
| ProShares UltraShort Yen | -0.38 | -0.34 | -0.27 | 72 | Leveraged Currency | IDV vs YCS | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | -0.30 | -0.30 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IDV vs SBIT | |
| ProShares Short Bitcoin ETF | -0.33 | -0.27 | -0.30 | 57 | Cryptocurrency | IDV vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 68 | Inverse Equities, Leveraged Equities | IDV vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDV and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.02, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.02 | 0.11 | 0.21 | 53 | Industrials | |
| Energy Transfer LP | 0.04 | 0.21 | 0.35 | 84 | Energy | |
| Delek Group Ltd | 0.05 | 0.11 | 0.12 | 70 | Energy | |
| Northrop Grumman Corporation | 0.05 | 0.11 | 0.16 | 51 | Industrials | |
| Occidental Petroleum Corporation | 0.06 | 0.17 | 0.31 | 62 | Energy |
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Build a portfolio that complements IDV
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