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
308 ETFs have low correlation with IFGL (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, down from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.41 | -0.32 | 61 | Leveraged Currency | IFGL vs YCS | |
| United States Oil Fund LP | -0.37 | -0.09 | 0.04 | 66 | Oil & Gas | IFGL vs USO | |
| Invesco DB Energy Fund | -0.36 | -0.10 | 0.04 | 71 | Oil & Gas | IFGL vs DBE | |
| United States Brent Oil Fund LP | -0.35 | -0.08 | 0.04 | 65 | Oil & Gas | IFGL vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.35 | — | — | 56 | Derivative Income | IFGL vs USOY |
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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 0.25, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.25 | 0.38 | 0.45 | 79 | Real Estate | |
| W. P. Carey Inc. | 0.38 | 0.46 | 0.47 | 79 | Real Estate |
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