Looking to diversify beyond IGEB? The ETFs below have historically moved differently from IGEB, 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 IGEB
354 ETFs have low correlation with IGEB (below 0.3), 95 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.45, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.45 | -0.22 | -0.12 | 66 | Oil & Gas | IGEB vs DBE | |
| ProShares UltraShort Yen | -0.44 | -0.45 | -0.47 | 59 | Leveraged Currency | IGEB vs YCS | |
| Invesco DB Oil Fund | -0.44 | -0.21 | -0.12 | 51 | Oil & Gas | IGEB vs DBO | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.38 | -0.48 | -0.47 | 51 | Nontraditional Bonds | IGEB vs RISR | |
| United States Gasoline Fund, LP | -0.38 | -0.20 | -0.11 | 83 | Oil & Gas | IGEB vs UGA |
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