Looking to diversify beyond IDVO? The ETFs below have historically moved differently from IDVO, 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 IDVO
366 ETFs have low correlation with IDVO (below 0.3), 40 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 58 | Derivative Income | IDVO vs WNTR | |
| ProShares UltraShort Yen | -0.28 | -0.19 | — | 56 | Leveraged Currency | IDVO vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | 0.02 | — | 98 | Inflation-Protected Bonds | IDVO vs IBIC | |
| Invesco DB Energy Fund | -0.21 | 0.03 | 0.15 | 54 | Oil & Gas | IDVO vs DBE | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | -0.20 | -0.20 | 97 | Inflation-Protected Bonds | IDVO vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IDVO, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | -0.00 | 0.06 | 63 | Consumer Defensive | |
| Chubb Limited | -0.18 | 0.06 | 0.15 | 87 | Financial Services | |
| The Allstate Corporation | -0.18 | 0.05 | 0.14 | 80 | Financial Services | |
| W. R. Berkley Corporation | -0.14 | 0.05 | 0.14 | 50 | Financial Services | |
| Occidental Petroleum Corporation | -0.11 | 0.13 | 0.25 | 65 | Energy |
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