Looking to diversify beyond IDVO? The ETFs below have the lowest correlation with IDVO — 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 IDVO.
Best Diversifiers for IDVO
375 ETFs have low correlation with IDVO (below 0.3), 40 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | IDVO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 69 | Derivative Income | IDVO vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | -0.32 | -0.32 | 53 | Inverse Equities | IDVO vs SMST | |
| ProShares UltraShort Yen | -0.30 | -0.20 | — | 67 | Leveraged Currency | IDVO vs YCS | |
| Alpha Architect Tail Risk ETF | -0.29 | -0.08 | — | 53 | Options Trading | IDVO vs CAOS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDVO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDVO and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.17, down from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.17 | 0.03 | — | 51 | Industrials | |
| Chubb Limited | -0.14 | 0.07 | 0.16 | 81 | Financial Services | |
| Altria Group, Inc. | -0.13 | 0.02 | 0.08 | 77 | Consumer Defensive | |
| The Allstate Corporation | -0.13 | 0.07 | — | 78 | Financial Services | |
| Duke Energy Corporation | -0.12 | 0.03 | 0.12 | 63 | Utilities |
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