Looking to diversify beyond IGE? The ETFs below have the lowest correlation with IGE — 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 IGE.
Best Diversifiers for IGE
1367 ETFs have low correlation with IGE (below 0.3), 174 of which are negatively correlated. The least correlated is Franklin Short Duration U.S. Government ETF (FTSD) (Mortgage Backed Securities) with a 1Y correlation of -0.17, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.17 | -0.06 | -0.04 | 95 | Mortgage Backed Securities | IGE vs FTSD | |
| Obra Opportunistic Structured Products ETF | -0.17 | — | — | 72 | Multisector Bonds | IGE vs OOSP | |
| Roundhill Weekly T-Bill ETF | -0.17 | — | — | 99 | Ultrashort Bond | IGE vs WEEK | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.14 | -0.01 | — | 68 | Municipal Bonds | IGE vs BSMW | |
| FlexShares Ultra-Short Income ETF | -0.12 | -0.00 | 0.03 | 99 | Ultrashort Bond | IGE vs RAVI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGE and solid risk/return profiles. The least correlated is The Southern Company (SO) (Utilities) with a 1Y correlation of 0.12, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Southern Company | 0.12 | 0.19 | 0.21 | 55 | Utilities | |
| Kraken Robotics Inc | 0.18 | 0.15 | 0.20 | 87 | Technology | |
| MaxLinear, Inc. | 0.21 | 0.29 | 0.33 | 99 | Technology | |
| Archer-Daniels-Midland Company | 0.32 | 0.38 | 0.45 | 85 | Consumer Defensive | |
| Bunge Limited | 0.46 | 0.42 | 0.48 | 76 | Consumer Defensive |
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Build a portfolio that complements IGE
Add IGE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IGE