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
353 ETFs have low correlation with IDV (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.33 | -0.26 | 61 | Leveraged Currency | IDV vs YCS | |
| Invesco DB Energy Fund | -0.22 | 0.01 | 0.17 | 71 | Oil & Gas | IDV vs DBE | |
| United States Brent Oil Fund LP | -0.21 | 0.02 | 0.17 | 65 | Oil & Gas | IDV vs BNO | |
| United States Oil Fund LP | -0.20 | 0.02 | 0.17 | 66 | Oil & Gas | IDV vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.19 | — | — | 56 | Derivative Income | IDV vs USOY |
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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 Delek Group Ltd (DELKY) (Energy) with a 1Y correlation of 0.01, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delek Group Ltd | 0.01 | 0.10 | 0.11 | 89 | Energy | |
| ConocoPhillips Company | 0.02 | 0.16 | 0.31 | 76 | Energy | |
| Energy Transfer LP | 0.03 | 0.23 | 0.36 | 69 | Energy | |
| Chevron Corporation | 0.05 | 0.21 | 0.34 | 83 | Energy | |
| Walmart Inc. | 0.08 | 0.12 | 0.19 | 63 | Consumer Defensive |
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Build a portfolio that complements IDV
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