Looking to diversify beyond IFGL? The ETFs below have the lowest correlation with IFGL — 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 IFGL.
Best Diversifiers for IFGL
292 ETFs have low correlation with IFGL (below 0.3), 72 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, down from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.41 | -0.33 | 73 | Leveraged Currency | IFGL vs YCS | |
| Invesco DB Energy Fund | -0.32 | -0.12 | 0.03 | 57 | Oil & Gas | IFGL vs DBE | |
| ProShares Short Bitcoin ETF | -0.30 | -0.24 | — | 52 | Cryptocurrency | IFGL vs BITI | |
| United States Gasoline Fund LP | -0.28 | -0.09 | 0.03 | 84 | Oil & Gas | IFGL vs UGA | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | — | — | 63 | Inverse Equities | IFGL vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IFGL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IFGL and solid risk/return profiles. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.24, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.24 | 0.37 | 0.44 | 93 | Real Estate | |
| W. P. Carey Inc. | 0.38 | 0.45 | 0.47 | 85 | Real Estate | |
| STAG Industrial, Inc. | 0.44 | 0.52 | 0.54 | 77 | Real Estate |
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