Looking to diversify beyond IDV? The ETFs below have historically moved differently from IDV, 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 IDV
378 ETFs have low correlation with IDV (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.35, roughly unchanged from -0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.35 | -0.27 | — | 51 | Cryptocurrency | IDV vs BITI | |
| ProShares UltraShort Yen | -0.34 | -0.33 | -0.27 | 59 | Leveraged Currency | IDV vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.29 | — | — | 69 | Derivative Income | IDV vs WNTR | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.22 | -0.14 | -0.09 | 51 | Nontraditional Bonds | IDV vs RISR | |
| TCW AAA CLO ETF | -0.17 | — | — | 99 | CLO | IDV vs ACLO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IDV, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of 0.02, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | 0.02 | 0.19 | 0.31 | 87 | Financial Services | |
| Altria Group, Inc. | 0.03 | 0.20 | 0.28 | 66 | Consumer Defensive | |
| Energy Transfer LP | 0.03 | 0.20 | 0.34 | 82 | Energy | |
| Delek Group Ltd | 0.03 | 0.11 | 0.12 | 74 | Energy | |
| Duke Energy Corporation | 0.04 | 0.20 | 0.25 | 52 | Utilities |
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