Looking to diversify beyond IDYN? The ETFs below have the lowest correlation with IDYN — 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 IDYN.
Best Diversifiers for IDYN
1 ETFs have low correlation with IDYN (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.13, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.13 | -0.13 | 100 | Ultrashort Bond | IDYN vs SGOV | |
| Schwab U.S. Dividend Equity ETF | 0.39 | 0.39 | 0.39 | 83 | Dividend | IDYN vs SCHD | |
| Renaissance International IPO ETF | 0.51 | 0.51 | 0.51 | 56 | Foreign Large Cap Equities | IDYN vs IPOS | |
| VictoryShares International Volatility Wtd ETF | 0.60 | 0.60 | 0.60 | 77 | Foreign Large Cap Equities | IDYN vs CIL | |
| iShares Core Dividend Growth ETF | 0.63 | 0.63 | 0.63 | 77 | Large Cap Growth Equities, Dividend | IDYN vs DGRO |
See all 13 diversifiers for IDYN
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