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
1464 ETFs have low correlation with IGE (below 0.3), 187 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.21, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.21 | -0.18 | -0.23 | 57 | Cryptocurrency | IGE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.20 | -0.22 | -0.22 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IGE vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.19 | -0.16 | -0.25 | 51 | Currency | IGE vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.18 | -0.24 | -0.24 | 68 | Inverse Equities, Leveraged Equities | IGE vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.18 | -0.24 | -0.24 | 60 | Inverse Equities | IGE vs SMST |
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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 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Southern Company | 0.12 | 0.17 | 0.19 | 58 | Utilities | |
| MaxLinear, Inc. | 0.17 | 0.27 | 0.33 | 98 | Technology | |
| Kraken Robotics Inc | 0.20 | 0.16 | 0.21 | 78 | Technology | |
| Adecoagro S.A. | 0.34 | 0.31 | 0.40 | 54 | Consumer Defensive | |
| Archer-Daniels-Midland Company | 0.37 | 0.42 | 0.48 | 90 | 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