Looking to diversify beyond IETC? The ETFs below have historically moved differently from IETC, 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 IETC
641 ETFs have low correlation with IETC (below 0.3), 154 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.49 | — | — | 52 | Inverse Equities | IETC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 61 | Inverse Equities, Leveraged Equities | IETC vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.48 | -0.35 | — | 61 | Cryptocurrency | IETC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IETC vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 75 | Derivative Income | IETC vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IETC, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.43, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.43 | -0.25 | -0.06 | 56 | Utilities | |
| The Coca-Cola Company | -0.42 | -0.18 | 0.04 | 90 | Consumer Defensive | |
| Chubb Limited | -0.40 | -0.13 | 0.07 | 89 | Financial Services | |
| PepsiCo, Inc. | -0.37 | -0.14 | 0.06 | 50 | Consumer Defensive | |
| Johnson & Johnson | -0.37 | -0.21 | -0.02 | 97 | Healthcare |
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